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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
8 Articles
8 Articles
'Authentic follower of Christ' pleads guilty to stealing $140M from MAGA donors
Georgia political fundraiser Brant Frost IV, known for bundling major donations for MAGA and Tea Party causes for the GOP, pleaded guilty Tuesday to wire fraud.Frost’s guilty plea before U.S. District Chief Judge Leigh Martin May is the latest development surrounding the collapse of First Liberty Building & Loan, and it is the first criminal conviction related to the downfall of the Newnan-based firm. Federal regulators accused the company last …
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First Liberty founder, Edwin Brant Frost IV, takes guilty plea in $140 million Ponzi scheme
Brant Frost IV, founder of First Liberty Building & Loan, pleads guilty to a $140 million Ponzi scheme, accused of misusing investor funds for personal luxury spending.
Coverage Details
Total News Sources8
Leaning Left2Leaning Right0Center4Last Updated67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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