S.E.C. Accuses Prominent Georgia Republican of Running Ponzi SchemeEdwin Brant Frost IV, a well-known Republican, is accused of defrauding 300 investors of $140 million, and using some funds for political donations. He said he took "full responsibility."
Source: S.E.C. Accuses Prominent Georgia Republican of Running Ponzi Scheme (https://www.nytimes.com/2025/07/11/us/politics/brant-frost-first-liberty-ponzi-scheme.html)