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Georgia Officials Demand Return of $19M Ponzi Scheme Donations

7/16/2025

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Summary

Story summary

In Georgia, Secretary of State Brad Raffensperger is calling on political groups to return donations tied to Brant Frost IV's Ponzi scheme, which misappropriated $19 million from investors. The SEC's lawsuit exposed Frost's company, First Liberty Building and Loan, for deceiving investors amid alarming defaults, shaking the foundations of state Republican funding and politics.

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Story summary

In Georgia, Secretary of State Brad Raffensperger is calling on political groups to return donations tied to Brant Frost IV's Ponzi scheme, which misappropriated $19 million from investors. The SEC's lawsuit exposed Frost's company, First Liberty Building and Loan, for deceiving investors amid alarming defaults, shaking the foundations of state Republican funding and politics.