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EconomicUnited States·27 Oct 2026

Georgia businessman sentenced to 15 years for $76 million Ponzi scheme

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Edwin Brant Frost IV, a 69-year-old Georgia businessman, was sentenced to 15 years in federal prison for orchestrating a $76 million Ponzi scheme through his company, First Liberty Building and Loan, LLC. Frost defrauded over 300 investors by falsely claiming their money funded short-term bridge loans for small businesses backed by the Small Business…

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Times of India
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