All articles tagged with #first liberty building and loan
First Liberty Building & Loan, a Georgia-based lender linked to political figures, collapsed amid lawsuits and federal allegations of operating a $140 million Ponzi scheme, leading to legal and financial turmoil for investors and associated businesses.
The SEC has accused Georgia-based lender First Liberty Building & Loan, linked to conservative politics, of operating a $140 million Ponzi scheme, misappropriating investor funds for personal expenses and political donations, and defaulting on most loans, leading to its shutdown and ongoing legal proceedings.
The SEC has charged Georgia-based First Liberty Building & Loan and its owner with operating a $140 million Ponzi scheme that defrauded around 300 investors through false promises of high returns and misappropriation of funds, with legal actions including asset freezes and penalties pending.
A conservative media-backed financial scheme involving Brant Frost IV's First Liberty Building and Loan, which promoted high-return investment products to fund conservative causes, has collapsed amid allegations of fraud, marking a significant blow to conservative media and its financial ventures.