From the article: The SEC said the business had only $2.67 million in cash as of May 30. With 300 investors out $140 million, that means the average investor put in nearly $500,000. Frost is alleged to have taken $17 million for himself, his family and affiliated companies ... #GOP=EasyMarks
Georgia Republican apologizes for $140M Ponzi scheme as judge freezes assets
A prominent Georgia Republican accused of running a $140 million Ponzi scheme has publicly apologized.
apnews.com
July 12, 2025 at 3:57 PM
From the article: The SEC said the business had only $2.67 million in cash as of May 30. With 300 investors out $140 million, that means the average investor put in nearly $500,000. Frost is alleged to have taken $17 million for himself, his family and affiliated companies ... #GOP=EasyMarks