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Monday, November 9, 2026

First Liberty Building And Loan Collapse: A $76 Million Ponzi Scheme

Recently, Edwin Brant Frost IV, the founder of First Liberty Building and Loan was sentenced in Federal Court in Georgia to 15 years in prison and ordered to pay $76,454,374.39 in restitution to the more than 300 victims of his Ponzi scheme. According to Marlo Graham, Special Agent in Charge of FBI …

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