The SEC is investigating a Georgia businessman and GOP supporter accused of perpetrating a $140 million Ponzi scheme and using some of the money for political donations.

The Securities and Exchange Commission charged First Liberty Building and Loan with violating federal anti-fraud laws.

The SEC charged First Liberty Building & Loan, LLC and its founder, Edwin Brant Frost IV, with running a $140 million Ponzi scheme.

ATLANTA (AP) — A prominent Georgia Republican accused of running a $140 million Ponzi scheme publicly apologized on Friday as ...

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Edwin Brant Frost IV, a well-known Republican, is accused of defrauding 300 investors of $140 million, and using some funds ...

Federal regulators filed a complaint Thursday seeking the seizure of Georgia lender First Liberty Building & Loan, accusing its founder of operating a Ponzi scheme.

The SEC says the Newnan, Georgia-based company is a Ponzi scheme that defrauded about 300 investors of at least $140 million.

Federal officials are accusing Georgia Republican Brant Frost IV of running a Ponzi scheme that defrauded 300 investors of ...

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