S.E.C. Accuses Prominent Georgia Republican of $140 Million Ponzi Scheme
A high-profile Republican from Georgia, Edwin Brant Frost IV, has been accused by the Securities and Exchange Commission (S.E.C.) of running a massive Ponzi scheme that defrauded 300 investors of at least $140 million. Frost, 67, is alleged to have used investor funds for personal expenses, including luxury purchases and political donations. He claimed responsibility … Read more