Brant Frost IV

Edwin Brant Frost IV is a Georgia businessman and political operative known for his long-standing involvement with the state’s Republican Party. In July 2025, the U.S. Securities and Exchange Commission (SEC) sued Frost and his investment firm, First Liberty Building & Loan, alleging they operated a $140 million Ponzi scheme between 2014 and 2025. Regulators allege Frost misled investors regarding "bridge loans" while using new investor funds to pay existing obligations. He is further accused of misappropriating over $5 million of investor capital for personal expenses, including jewelry, rare coins, credit card payments, a Maine vacation rental, and $570,000 in political donations. Following the civil litigation, federal prosecutors charged Frost with a single count of wire fraud. Frost entered a plea of not guilty, though he has publicly admitted to misleading investors and stated his intent to cooperate with authorities. He is currently free on bail. The Georgia Secretary of State’s office has also investigated the firm for potential securities law violations, including the improper issuance of promissory notes. There are no reports of acquittals or dismissals regarding these pending charges.