Secretary of State Brad Raffensperger is urging any political entity that accepted contributions from First Liberty, the Frost Family, or any of their affiliates to return those contributions so the victims can receive those funds.
“Now is the time for every elected official, candidate, or political action committee who received financial support from this entity currently under investigation to stand up and help the victims,” said Secretary Raffensperger. “Ill-gotten gains do not belong in the State Capitol.”
Brant Frost IV is accused of running a Ponzi scheme that defrauded 300 investors of at least $140 million. The Securities and Exchange Commission froze the assets of Georgia-based First Liberty Building and Loan. Frost allegedly took $19 million for personal use, including jewelry, gold coins, vacation rentals and political contributions.
Raffensperger asks anyone who believes they may have been defrauded to contact his office immediately.
