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Newnan Man Pleads Guilty in $140 Million Ponzi Scheme

Frost admitted to wire fraud after prosecutors said investor money funded payouts, political donations and luxury spending in the $140 million scheme.

Summary by WAGA
A Newnan man admitted in federal court Tuesday to orchestrating a $140 million Ponzi scheme that defrauded hundreds of investors over four years.

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11ALIVE broke the news on Tuesday, May 12, 2026.
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