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SEC Says $140M Ponzi Funded Lifestyle, Campaign Donations

By Dorothy Atkins ( July 11, 2025, 9:55 PM EDT) -- The U.S. Securities & Exchange Commission sued First Liberty Building & Loan LLC and owner Edwin Brant Frost IV in Georgia federal court, alleging Frost defrauded 300 investors out of $140 million in a Ponzi scheme that fueled Frost's lavish lifestyle and his donations to Republican campaigns totaling six figures....

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