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    F'norkles & Shapdoinkles

Ponzi scheme

2 Results / Page 1 of 1

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A wooden judge's gavel and sounding block on a desk with a blurred courtroom in the background. Focus on themes of law, authority, and verdicts.

Politics

Georgia law aims to repay fraud victims amid $140M Ponzi case charges

Georgia law aims to repay fraud victims amid $140M Ponzi case charges Federal prosecutors charged Brant Frost IV last week in the case of the $140 million Ponzi scheme, and Gov. Brian Kemp also signed a law with the goal of returning some of the victims’ lost money. Frost, 68, founded the Newnan-based First Liberty Building & Loan and appeared in court last week to plead not guilty to a […]

todayApril 28, 2026 20

Secretary of State Brad Raffensperger, Republican

Politics

$6.7M returned to victims in massive Georgia Ponzi scheme case

$6.7M returned to victims in massive Georgia Ponzi scheme case Georgia Secretary of State Brad Raffensperger announced Wednesday that his office has made an agreement with Bankers Life to return money to some of the victims of the alleged $140 million Ponzi scheme involving First Liberty Building and Loan. Bankers Life Advisory Services and Bankers Life Securities agreed to make some investors whole by returning nearly $6.7 million. “I want […]

todayApril 2, 2026 19