Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
There is a Securities and Exchange Commission defendant Edwin Brant Frost IV and its personal credit company First Freedom Building and Credit It was allegedly provided with a subtle $ 140 million ponzi scheme Civil Complaint Atlanta was presented on Thursday in the Federal Court.
Authorities claim 67, 67 frosts specifically target Republican activists and conservative Christian investors through the network of the right winged media. Georgia is now calling the Defunct Web site now “as he heard” conservative media Erick Erickson, including Hugh Hewitt and Charlie Kirk’s shows. The first freedom sent a note to customers by saying that last month’s last month’s last month was the last time, investments, payments and programs are given “indefinitely”.
“The first freedom cooperates with the federal authorities as part of a work to perform regular winds,” the state of the message. “The first freedom employees are not authorized to do any communication in the current situation, and no one in the company will not be available to respond to phone calls or respond to e-mail inquiries.”
Frost attempts failed.
According to the complaint, frost and the first freedom earned at least 300 investors in credit participation agreements and at least $ 140 million from the sale of the promissory note. The alleged scheme restarted with Frost Growing Capital through friends and family in 2014. They were initially offered credit participation agreements with a loan-funded agreements to finance a loan that investors owned each other. Later, they were only offered the main business of investors lending for the company itself. Allegedly, investors told investors that the funds will be used to make short-term bridge loans in high interest rates.
Frost and first freedom, investors reported that 100% of income from credit contracts will be used for financing bridge loans and earn income for the return of bridge loans and pay for the return of bridge loans. Friends and Family Program Revenue from 14% to 18% and records return from 8% to 13% per annum. SEC claims that the mushrooms did not remove investors from investor funds.
SEC’s complaint claims all of these representatives. In 2021, in the first freedom, the ponzi scheme, complaints, with the signs of the Ponzi scheme, which are about 80% of interest and payments from new investor funds.
“A high-turning rate on an investment, which is three times or perhaps three times without investing money from all potential investors, three times each other’s Atlanta regional office statement. “Unfortunately, we saw this movie in investors who are in investors with very generous returns or well-finished promises.”
In 2024, frost, frost, financially planted the financial company in the bills of the bills, the company, the company and other programs and other programs. The company is a major piece called himself “patriotic economy.”
However, according to SEC, the alleged scheme was opened. The first freedom has been operating in a deficit since 2025 every year since 2025 since 2025 since 2025, and instead of Ponzi operation. The current investors allegedly claimed by the regulator reported the security of existing investments to ensure more financing of existing investments.
During the alleged scheme, the sec, lifeline table in vibrant color, the assets of investors turn off.
On Frost, Kennebunkport, Maine and Jewelry spent $ 230,000 to rent a $ 140,000 holiday home. Allegedly, $ 20,800 Pashte Philipe Watch, a rare coin seller, claimed that $ 335,000 was eliminated with investor money. It also claimed that credit cards would pay $ 2.4 million with investor funds and earned $ 570,000 in political donations.
Frost Nine days after nine days later, 100,000 dollars of investor funds were withdrawn from the investment funds and 210,875 dollars in the sale of $ 210,875 in the sale of $ 210,875. SEC has the assets of frozen frost.
Erickson, Hewitton and Kirk’s messages did not return immediately.
The first freedom wrote in a message in a message: “First Azadlig hopes to provide additional information and updates to the effectiveness of the company’s status in the near future.”
