Episode notes
The First Liberty Building and Loan scandal, led by Brant Frost IV, has sent shockwaves through the Georgia GOP, with allegations of a $140M Ponzi scheme defrauding 300 investors. The Frost family’s deep ties to the GA GOP, including key positions held by Brant V, Katie, and Krista Frost, are under scrutiny as the receiver’s initial report reveals widespread financial irregularities, including $1M in political donations. Alabama officials, including State Auditor Andrew Sorrell, received $132,000 in contributions, prompting investigations. A class-action lawsuit looms as the receiver uncovers misused investor funds, undocumented loans, and shoddy records, with Brant IV pleading the fifth after initially taking responsibility. Discover the latest on this unfolding political and financial crisis.