A U.S. court ordered over US$7 million in disgorgement and penalties against the operators of an alleged Ponzi scheme.

Brant Frost IV, the founder of First Liberty, is accused of running a $140 million scheme that defrauded about 300 investors.

The former president of the now-defunct Georgia-based First Liberty Building & Loan is facing a wire fraud charge after ...

ATLANTA, Ga. (Atlanta News First) — As GOP leaders continue efforts to remove the case from his oversight, Georgia Secretary of State Brad Raffensperger has accused one of the leaders of an alleged ...

The former president of First Liberty Building and Loan is accused of wire fraud and running a $140 million Ponzi scheme.

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest money and generate high returns with little ...

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Charles Ponzi, pictured in Boston in July 1920 with a gold-handled cane and a diamond stickpin, lured investors by claiming he found a way to make huge profits buying international postal reply ...