Federal officials say Georgia Republican was running a $140 million Ponzi scheme

Federal officials say Georgia Republican was running a $140 million Ponzi scheme

Federal officials are accusing Georgia Republican Brant Frost IV of running a Ponzi scheme that defrauded 300 investors of $140 million

The office of First Liberty Building and Loan, which federal officials allege was a Ponzi scheme, is shown on Thursday, July 10, 2025, in Newnan, Ga. (AP Photo/Jeff Amy)