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Georgia's Secretary of State investigates a $140 million Ponzi scheme involving First Liberty Building and Loan.
Georgia's Secretary of State Brad Raffensperger is investigating First Liberty Building and Loan, accused of a $140 million Ponzi scheme.
Founder Brant Frost IV is alleged to have stolen investor funds for personal use, including political donations.
Raffensperger urges potential victims to come forward.
The SEC lawsuit claims Frost used investor money to pay himself and his family over $5 million.
Georgia Republicans are returning donations from the firm.
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El Secretario de Estado de Georgia está investigando un esquema Ponzi de 140 millones de dólares que involucra a First Liberty Building and Loan.