Georgia businessman sentenced in $140 million Ponzi scheme tied to Alabama GOP members

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FILE - Edwin Brant Frost IV, a former principal of First Liberty Building and Loan, waits for an elevator, Dec. 22, 2025, in Atlanta. (AP Photo/Jeff Amy, File)

Georgia businessman Edwin Brant Frost IV last week was sentenced to 15 years in federal prison and ordered to pay more than $76 million in restitution after pleading guilty to operating a Ponzi-style investment fraud that victimized approximately 300 investors over more than a decade, according to court documents.

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