The former president of the now-defunct Georgia-based First Liberty Building & Loan is facing a wire fraud charge after ...

Brant Frost IV, the founder of First Liberty, is accused of running a $140 million scheme that defrauded about 300 investors.

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A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest money and generate high returns with little ...