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The SEC charged First Liberty Building & Loan, LLC and its founder, Edwin Brant Frost IV, with running a $140 million Ponzi ...
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Federal regulators filed a complaint Thursday seeking the seizure of Georgia lender First Liberty Building & Loan, accusing its founder of operating a Ponzi scheme.
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Edwin Brant Frost IV defrauded 300 investors and used some of the money for his personal use, including spending on political donations to Republicans.
A prominent Georgia Republican accused of running a $140 million Ponzi scheme has publicly apologized. Brant Frost IV's apology comes as a federal judge froze his personal and corporate assets ...
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 ...
The Securities and Exchange Commission has accused Edwin Brant Frost IV and his private lending company First Liberty ...