Georgia and Florida man charged for alleged Ponzi schemes

Investigators say the metro Atlanta business owner and former prosecutor living in Florida stole around $2 million from investors between 2018 and 2022.

• Oct 21

Former First Liberty founder charged in federal court over alleged Ponzi scheme

Prosecutors say Edwin Brant Frost IV defrauded at hundreds of investors, including many grassroots Republicans, of at least $140 million before going bust in 2025.

• Apr 23

Insurance company to pay some victims of alleged Georgia Ponzi scheme

Forty-six victims of what was allegedly Georgia's largest Ponzi scheme will get millions of dollars back, according to Secretary of State Brad Raffensperger.

• Apr 1

Georgia issues emergency order against adviser over alleged Ponzi scheme

State bars Timothy Nathaniel Darnell from securities activities and imposes a $500,000 penalty, citing alleged violations related to the First Liberty collapse and losses suffered by senior investors.

• Feb 26

Ex-Georgia Republican chairman may face charges for role in alleged Ponzi scheme

Edwin Brant Frost V, the son of First Liberty Building and Loan founder and former chairman of the Coweta County Republican Party, was fined $500,000 and could face charges for his role in an alleged $140 million Ponzi scheme​

• Feb 19

Financial advisor pleads guilty in massive Georgia Ponzi scheme

Prosecutors say that the Ponzi scheme led by the financial advisor is likely the largest in Georgia history.

• Jan 22