Prominent Georgia Republican Who Ran a Ponzi Scheme Causing Losses of More Than $76 Million to More Than 300 Victims Sentenced to 15 Years

A prominent Georgia Republican who ran a Ponzi scheme that federal prosecutors said caused losses of more than $76 million to more than 300 victims has been sentenced to spend 15 years in federal prison.

Edwin Brant Frost IV, 69, had pleaded guilty in May to a charge of wire fraud that resulted from an investigation that began after First Liberty Building and Loan collapsed in June 2025. Frost, who has publicly apologized for his role, was also ordered to pay more than $76 million in restitution.

Read more at AP News