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Frost Pleads Guilty to $156M Fraud, Faces 20 Years

4/24/2026

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Story summary
  • Prosecutors say Edwin Brant Frost IV will change his not-guilty plea to guilty in early May, facing 20 years.
  • He was charged in Atlanta with one count of wire fraud and remains free on bail.
  • U.S. Attorney Theodore Hertzberg said the government will seek a near-maximum sentence because the scheme stole $156 million.
  • Georgia Secretary of State Brad Raffensperger’s office levied $500,000 civil fines on three participants and urged criminal charges.