Georgia Republican Brant Frost IV expresses regret for $140 million Ponzi scheme as judge halts asset movements.
Georgia Republican Faces Ponzi Scheme Accusations A prominent Republican from Georgia recently publicly apologized for allegedly running a $140 million Ponzi scheme. This followed a federal judge’s decision to freeze his assets and appoint a team to help collect funds for affected investors. Brant Frost IV expressed his regret in a statement relayed through his […]
SEC pursues Edwin Brant Frost IV for suspected Ponzi scheme
SEC Files Complaint Against Georgia’s Frost IV The Securities and Exchange Commission has lodged a complaint against Edwin Blunt Frost IV from Georgia and his company, First Liberty Building & Loan, LLC. According to the SEC document, Frost and his firm managed to raise over $140 million from around 300 investors through loan participation agreements […]