SEC, Prominent Georgia Republican Bank Boss, 300 investors in a ponzi scheme of $ 140 million

The civil claim by US Securities and Exchange Commission The first freedom of the building and credit managed by Brain Frost IV was lied to investors to provide high-interest loans to companies, the first freedom building and credit. Instead of investigators, previously collected more money to return investors.

Frostun has spent $ 3,20,000 to rent a holiday home for a few years, as a family of $ 160,000 and rare coins, in many years, as the business of investor funds, family and related companies, businesses with a family of $ 335,000 and the seller of businesses. is called.

SEC, frost, continued to write inspections after starting the commission investigation

First Freedom, last month will stop interest and key to loans and investors in these loans and stop the basis. The company said he did not respond to phone calls or emails.

The first freedom did not respond to an e-mail looking for a comment, and no one in the office of a city south-west of Atlanta on Thursday evening. A lawyer, who played the role of a registered agent of society, said there was no information before.

The winners shaken the religious and political networks established by investors. In the political policy of the state, the most suitable candidates who approved the frost and family may have settlements in the Republican policy by reducing financing. Investigators said that Frost has spent $ 570,000 from investor funds in political contributions.

SEC, until May 4, when the regulators want to return the money from frost and related companies, the work is only $ 2.67 million in $ 2.67 million, he said. It means that $ 140 million with 300 investors, this means that the average investor puts for about $ 500,000.

First Azadlig, the United States said that the Cash needed companies in need of cash while waiting for more conditional loans from the Small Business Department. According to a document obtained by the Associated Press, high interest rates – 18% rose by 18% on some loans. The first freedom has promised investors to equally high price rates and gave 16% credit in 18%.

In recent months, the business provides a lot of information in the Conservative Radio Shows, promising in the Conservative Radio, “Wall Street for the main investors.”

“A high return rate on an investment is that all the potential investors think three times or perhaps three times without investing,” Justin J.Jefries said that a file for the Regional Office of the Aslanta Regional.

The company represents that this was “cooperating with the federal bodies to perform the regular wind.” SEC Frost and companies agreed with the “monetary treatment” with the treatment of money to be determined in court on a date.

SEC has defaulted 90% of these companies, saying that there are loans to companies. Until 2021, the company worked as a ponzi scheme, complaining, the growing amount of money was withdrawn in the frost.

The case is being investigated by the Secretary of State for the violation of the Securities Law by the Secretary of State, Robert Sinners for the office.

2023 documents obtained by the AP “Vekexel” and sinners, the issuance of bills should be registered with Georgian securities officials.

The sinners encouraged no victim to contact the State Securities Department.

The federal prosecutors refused to comment on the criminal charges. Sometimes both a SEC and a fantal criminal case and the federal criminal case are extracted.

Frost has been an important player when he linked a television in Georgian policy since 1988 Pat Robertson Republican presidential proposal. The son of his son Brant Frost and the company is the chairman of the Coweta County Republican Party and is the second vice-chair of the State Republican Party. The girl is Republican Republican, Republican Republican, Katie Four, Republican Republican, the 3rd Congress region, which includes other areas in Southwest of Coweta County and Atlanta.

Last month, Katie Fig in the Republican Respublika Convention, the Namentat Committee recommended to representatives Josh Mkkoon. The delegates followed this recommendation, rejected a number of rebel candidates.