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Story summary
- Investors in Georgia and Alabama are frustrated seven months after a $140 million Ponzi scheme tied to First Liberty Building & Loan.
- Federal investigators allege the scheme defrauded more than 300 investors, including notable Republican figures.
- Georgia Secretary of State Brad Raffensperger is expanding anti-fraud efforts as lawmakers seek to transfer securities regulation.
- Receiver Gregory Hays says asset recovery will be costly and has recovered over $300,000 from investor funds.
