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The Independent UK
The Independent UK
National
Jeff Amy

Georgia Republican pleads not guilty to wire fraud charge in Ponzi scheme

Georgia Republican First Liberty SEC Brad Raffensperger The Associated Press
Republican Ponzi Scheme Georgia - (Copyright 2026 The Associated Press. All rights reserved.)

A prominent Georgia Republican accused of running a $156 million Ponzi scheme has been charged by federal prosecutors with wire fraud, pleading not guilty on Thursday.

The single count of wire fraud against Edwin Brant Frost IV is the first criminal charge to result from an investigation that began after First Liberty Building and Loan collapsed last June.

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