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Banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, lavish trips, and racked up millions on his credit cards, SEC says
A politically connected Georgia financier has been accused of running a multi-million Ponzi scheme that was helped along ...
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First Liberty’s Ponzi scheme: the perspective of a victim
First Liberty Building and Loan, a non-bank lending firm based in Newnan, abruptly collapsed on June 27, halting operations ...
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SEC: GA-based company and owner charged in Ponzi scheme
Since at least 2021, First Liberty operated as a Ponzi scheme by using new investor funds to make principal and interest payments to existing investors, according to the complaint. The complaint ...
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Georgia man accused by SEC of perpetrating Ponzi scheme says he ... - AOL
The U.S. Securities and Exchange Commission accuses Georgia man Edwin Brant Frost IV and his First Liberty Building & Loan, LLC, of a Ponzi scheme.
SEC charges closed lending co. with defrauding about 300 investors in Ponzi scheme
The SEC says the Newnan, Georgia-based company is a Ponzi scheme that defrauded about 300 investors of at least $140 million.