State Investigates Alleged Ponzi Scheme Impacting Politics and Investors

A federal investigation is underway to recover $140 million lost in an alleged Ponzi scheme linked to some Republican figures in Georgia and Alabama, with many investors, including conservatives and political donors, suffering significant financial losses. The scheme involved promises of high returns through loans to businesses, but most assets are now depleted, and recovery is uncertain. Politicians and party officials are grappling with the fallout, with some returning donations and others facing calls for accountability.