A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140 million, federal officials alleged in a complaint filed Thursday.

The Securities and Exchange Commission on Thursday accused Edwin Brant Frost IV, a high-profile Republican in Georgia, of running a Ponzi scheme that defrauded 300 investors of at least $140 million.

[image or embed]

-- The New York Times (@nytimes.com) Jul 11, 2025 at 1:50 PM