SEC targets $140M Ponzi scheme tied to Georgia, Alabama GOP figures

Georgia family accused of Ponzi scheme gave to Maine Republican causes

ATLANTA, Georgia — Conservative legislators in Maine. Christian political groups in Alabama. An anti-abortion “abolitionist” in Idaho. These are a few of the causes and candidates the Frost family championed outside Georgia in recent years using money that may have been bilked from First Liberty Building & Loan investors, an Atlanta Journal-Constitution analysis shows. Though the Frosts showered their home state of Georgia with some $755,000 in …

Reeling after alleged GOP Ponzi scheme

CEDARTOWN, Ga. — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He's looking to claw back…

How an alleged Ponzi scheme left investors, politicians reeling

CEDARTOWN, Ga. — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He's looking to claw back…

SEC targets $140M Ponzi scheme tied to Georgia, Alabama GOP figures

A federal receiver is working to recover $140M lost in a Ponzi scheme tied to GOP donors and leaders in Georgia and Alabama, leaving investors with major losses.