Financial Feed
The Securities and Exchange Commission has filed charges against Georgia-based First Liberty Building & Loan and its founder, Edwin Brant Frost IV, alleging they operated a Ponzi scheme that defrauded approximately 300 investors out of at least $140 million.
According to the SEC’s complaint, First Liberty and Frost raised funds from retail investors between 2014 and June 2025 by offering promissory notes and loan participation agreements that promised returns of up to 18 percent. Investors were told their money would be used for short-term bridge loans to businesses and repaid through commercial or Small Business Administration loans. The complaint states that the defendants misrepresented the performance of the loans, which largely defaulted and failed to make interest payments.
By 2021, First Liberty was allegedly using new investor money to pay principal and interest to earlier investors. The SEC further alleges that Frost misused investor funds for personal expenses, including more than $2.4 million in credit card payments, over $335,000 spent at a rare coin dealer, and $230,000 for family vacations. More
If he would have been a Democrat nothing would have been done about it…
GOPe scum. Follow the money and you KNOW where it’ll lead to.
The son is embedded in the Georgia GOP infrastructure as well. I would imagine he’s complicit in the selling of “First Liberty Notes.”
Every republican and democratic in Congress since 1934, and every president, is guilty of operating the Social Security Ponzi scheme.
Who do elites who have names like this Republican whose name is Edwin Brant Frost IV always seem to be involved in these sort of scams. Is it an inbred inheritance passed down generationally that causes them to go bad because they’re never held accountable when they grow up in elite snobby upper crust family.
According to a video I watched the other day, the entire family is gross. Friendly with Gov Kemp, too.
Here is today’s video about First Liberty (via CDM)
https://rumble.com/v6w1f9w-cdm-clips-special-prosecutor-needed-for-georgia-bill-quinn-john-gordon.html?e9s=src_v1_ucp_a
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“…and repaid through commercial or Small Business Administration loans.”
So, that tells me the “investors” had every reason to believe that an establishment Republican was cutting them in on the grift. I have no sympathy.
Things a functional government would literally hang people for:
– Murder
– Rape
– Child molesting (see Rape)
– Drug trafficking
– Human trafficking
– Grand larceny, including ponzi schemes.