US EditionHow an Alleged Ponzi Scheme Targeting Republicans Left Investors and Politicians Reeling
- A federal receiver seeks to recover $140 million lost in an alleged Ponzi scheme that affected Republicans in Georgia and Alabama.
- Only $1.2 million in cash and some real estate remain, according to court-appointed receiver S. Gregory Hays.
- Frost admitted his wrongdoing, stating he takes 'full responsibility' and aims to repay his investors.
- Georgia Secretary of State Brad Raffensperger requested politicians to return campaign funds linked to this scheme.
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21 Articles
21 Articles
Associated Press News+19 Reposted by 19 other sources
How an alleged Ponzi scheme targeting Republicans left investors and politicians reeling
The fallout from a failed Georgia lender doesn't just include small investors but goes right to the top of Republican politics in Georgia and Alabama. The U.S.
·United States
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Major life changes for Frost employees embroiled in Ponzi scheme
The younger Frost involved in the massive Ponzi scheme in Coweta County, Brant Frost V, has resigned from the State Committee of the Georgia Republican party according to a statement from Chairman Josh McCoon. “Today, I have accepted the resignation of Brant Frost V from the State Committee of the Georgia Republican Party which is effective immediately,” he wrote. “He has also informed me that he will be resigning as Chairman of the Coweta C…
Coverage Details
Total News Sources21
Leaning Left7Leaning Right5Center3Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 20%
R 33%
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