US EditionGeorgia Secretary of State Calls for Return of Campaign Funds Linked to Ponzi Scheme
GEORGIA, JUL 15 – Georgia Secretary of State Brad Raffensperger urges return of at least $7,500 in campaign donations linked to First Liberty's Ponzi scheme collapse, highlighting political and investor losses.
- On July 15, 2025, Georgia Secretary of State Brad Raffensperger called on candidates and committees to return contributions from First Liberty Building and Loan now under investigation.
- The Securities and Exchange Commission last week filed a civil complaint against First Liberty and its founder, Edwin Brant Frost IV, alleging a massive Ponzi scheme.
- According to the SEC lawsuit, First Liberty Building and Loan raised at least $140 million from about 300 investors promising up to 18% returns, and Frost diverted over $5 million for personal use.
- The Democratic Party of Georgia urges Raffensperger to return at least $7,500 received in 2018 from the Frost family, as campaign records filed with the Georgia Ethics Commission show.
- The Georgia Secretary of State’s Securities Division and the SEC have launched an active investigation into First Liberty Building and Loan, urging anyone who suffered losses to file a complaint.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
Henry Herald+3 Reposted by 3 other sources
Georgia secretary of state asks politicians to return money from alleged Ponzi scheme
ATLANTA — The public reaction to the meltdown of a financial institution connected to Republican politics in Georgia continued Monday as Secretary of State Brad Raffensperger called on campaign finance
·Georgia, United States
Read Full Article
Griffin Daily News+2 Reposted by 2 other sources
Raffensperger calls for return of donations after Georgia Republican donor accused of Ponzi scheme
Georgia Secretary of State Brad Raffensperger has joined a growing chorus of voices calling for the return of political contributions from the now-defunct First Liberty Building and Loan, a Newnan-based lending firm with longstanding ties to the Republican Party. The…
Coverage Details
Total News Sources16
Leaning Left5Leaning Right2Center4Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 36%
R 18%
Factuality
To view factuality data please Upgrade to Premium
