GA Republican steals $ 140 million

[VitaMan]

The U.S. Securities and Exchange Commission said in a civil lawsuit filed Thursday that First Liberty Building and Loan, controlled by Frost, lied to investors about its business of making high-interest loans to companies. Instead, investigators said that its loans mostly went sour and that it then raised more money to repay earlier investors, while Frost skimmed millions for himself and his family…..a classic ponzi scheme.

The SEC said the business had only $2.67 million in cash as of May 30. With 300 investors out $140 million, that means the average investor put in nearly $500,000.

Frost is alleged to have taken $17 million for himself, his family and affiliated companies, spending $573,000 on political donations to Republicans, $160,000 on jewelry, $20,800 on a Patek Philippe watch and $335,000 to buy gold coins. Frost is also accused of spending $320,000 to rent a vacation home over multiple years in Kennebunkport, Maine.



We are all looking forward to Salty keeping everyone up to date on this, since he is the go to man for GA investigations.

[VitaMan]

[Jacky S]

https://www.fox5atlanta.com/news/fir...-140m-promises

[VitaMan]

Nice that it mentions GA Secretary of State Brad Raffensperger.


That should make it easy for Salty to stay on top of an investigation in GA. His special investigators probably only need to work on it part time.



Also it would be good to know how Salty came up with the notion than only Democrats have failings.

[Yssup Rider]

Oh the places the investigations will go.

RIGHT! (snick)

[DayOfTheEagle]

My inside source says that all Republicans are crooks. Every one. So it's true. Just wait.

[Tiny]

I am confused. Was Edwin Brant Frost IV an elected official ?

[Precious_b]

What an upstanding lad. Ima sure the maggies approve.

[Levianon17]

Originally Posted by VitaMan

The U.S. Securities and Exchange Commission said in a civil lawsuit filed Thursday that First Liberty Building and Loan, controlled by Frost, lied to investors about its business of making high-interest loans to companies. Instead, investigators said that its loans mostly went sour and that it then raised more money to repay earlier investors, while Frost skimmed millions for himself and his family…..a classic ponzi scheme.

The SEC said the business had only $2.67 million in cash as of May 30. With 300 investors out $140 million, that means the average investor put in nearly $500,000.

Frost is alleged to have taken $17 million for himself, his family and affiliated companies, spending $573,000 on political donations to Republicans, $160,000 on jewelry, $20,800 on a Patek Philippe watch and $335,000 to buy gold coins. Frost is also accused of spending $320,000 to rent a vacation home over multiple years in Kennebunkport, Maine.



We are all looking forward to Salty keeping everyone up to date on this, since he is the go to man for GA investigations.

It should be a criminal offense if he stole that much money. So, I question the authenticity of this claim.

[VitaMan]

Originally Posted by Tiny

I am confused. Was Edwin Brant Frost IV an elected official ?

Brant Frost V, who worked as a principal at First Liberty, is a former vice-chair of the Georgia GOP.


I don't know, Tiny seems to be butthurt about something.

[Tiny]

Originally Posted by VitaMan

Brant Frost V, who worked as a principal at First Liberty, is a former vice-chair of the Georgia GOP.


I don't know, Tiny seems to be butthurt about something.

Was Brant Frost IV, the alleged fraudster, ever an elected official? Or a former vice-chair of the Georgia GOP?

It is possible the son, Brant Frost V, who was former 2nd vice chair of the state party, was in on the con. But notably he is not a defendant in the case brought by the SEC. His father is:

https://www.sec.gov/files/litigation...pr-2025-98.pdf

[Salty Again]

Originally Posted by Tiny

Was Brant Frost IV, the alleged fraudster, ever an elected official? Or a former vice-chair of the Georgia GOP?

It is possible the son, Brant Frost V, who was former 2nd vice chair of the state party, was in on the con. But notably he is not a defendant in the case brought by the SEC. His father is:

https://www.sec.gov/files/litigation...pr-2025-98.pdf

... ... ... The liberal lads must have missed that.

#### Salty

[Salty Again]

Originally Posted by VitaMan

Nice that it mentions GA Secretary of State Brad Raffensperger.


Also it would be good to know how Salty came up with the notion than only Democrats have failings.

... Once again, you're WRONG.

Please go back and re-read me past GA threads - I may even
bump them forward for some o' the challenged at hand.

... When you do - you'll notice that I mention the name
Brad Raffensperger a lot - and I also mention just how
CORRUPT of a bloke he is. ... His CORRUPTION just on
me ballot issue is rather evident... Same with Brian Kemp.

You'll also notice BOTH are Republicans.

Which, of course surely makes yer comment of me believing
onley Democrats have failings both short-sighted and untrue.

... But, I do understand yer comment on the Frosts there.
The idea that IF father is corrupt then son is corrupt also.
The Bidens are a shining example. ...

#### Salty

[Yssup Rider]

Jeezist, Salty.

Are you trying to derail this thread with the default “It was Biden” ballyhoo?

If this guy is just the father of a former GA GOP leader, then maybe it’s OK. It is GA after all.

Next thing you’ll be telling us is that this is yesterdays newspaper,

HAHAHAHAHAHAHAH

[biomed1]

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