{"id":24585,"date":"2025-12-19T16:05:52","date_gmt":"2025-12-19T16:05:52","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=851815"},"modified":"2025-12-19T16:05:52","modified_gmt":"2025-12-19T16:05:52","slug":"son-of-ponzi-accused-georgia-building-loan-founder-now-an-insurance-agent","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/12\/19\/son-of-ponzi-accused-georgia-building-loan-founder-now-an-insurance-agent\/","title":{"rendered":"Son of Ponzi-Accused Georgia Building &amp; Loan Founder Now an Insurance Agent"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2025\/12\/First-Liberty-AP-580x387.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2025\/12\/First-Liberty-AP-scaled.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2025\/12\/19\/851815.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2025\/12\/19\/851815.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>The former co-leader of a collapsed Georgia savings and loan, a lending firm that is now the subject of state and federal Ponzi scheme investigations, has been granted an insurance producer\u2019s license in the state.<\/p>\n<p>Edwin Brant Frost V, who previously worked at First Liberty Building &amp; Loan with his father, now is a licensed insurance agent in Newnan, Georgia, according to the National Association of Insurance Commissioners\u2019 license verification site. Frost obtained the license in August for life, accident and sickness lines, and has been appointed with several life and health insurers.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"agencies\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>For months, <a href=\"https:\/\/www.ajc.com\/politics\/2025\/12\/georgia-investigators-ramp-up-probe-into-first-liberty-collapse\/\">news sites<\/a> and court filings have indicated that the U.S. Securities and Exchange Commission and Georgia authorities have intensified their investigations after First Liberty imploded after the financial firm allegedly defrauded some 300 investors of more than $140 million. The operation was billed as a Christian, faith-based loan provider.<\/p>\n<p>The SEC filed suit in federal court in Georgia in July, contending that the elder Frost, Brant Frost IV, had promised returns as high as 18%. But it was all a Ponzi <a href=\"https:\/\/www.nytimes.com\/2025\/07\/11\/us\/politics\/brant-frost-first-liberty-ponzi-scheme.html\">scheme<\/a> starting in 2021, and Frost IV allegedly used millions of dollars for personal gain and for political donations, the <a href=\"https:\/\/www.sec.gov\/files\/litigation\/complaints\/2025\/comp-pr-2025-98.pdf\">SEC complaint<\/a> argues.<\/p>\n<p>The elder Frost has accepted responsibility and has pledged to repay investors, according to news reports.<\/p>\n<p>Frost V, the new insurance agent, is not named in the SEC complaint, but he has been subpoenaed by the Secretary of State\u2019s office. He resigned from First Liberty in July and has declined to comment to news media, the Atlanta Journal Constitution and other <a href=\"https:\/\/thecitizen.com\/2025\/12\/17\/brant-frost-enters-insurance-industry-following-first-liberty-ponzi-scheme\/\">sites reported<\/a>.<\/p>\n<p><em>Photo: The now-closed office of First Liberty Building &amp; Loan in Newnan. (AP Photo\/Jeff Amy)<\/em><\/p>\n<p><strong>Read More About First Liberty: <\/strong><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2025\/07\/11\/831314.htm\"><strong>Georgia Commercial Lender Owner Charged With $140M Ponzi Scheme<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2025\/08\/04\/834442.htm\"><strong>How an Alleged Ponzi Scheme Left Republican Investors and Politicians in the South Reeling<\/strong><\/a><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/agencies\/\" class=\"btn btn-sm btn-primary tagtag\">Agencies<\/a> <a href=\"https:\/\/www.insurancejournal.com\/location\/georgia\/\" class=\"btn btn-sm btn-primary tagtag\">Georgia<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"851815\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Agencies<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments The former co-leader of a collapsed Georgia savings and loan, a lending firm that is now the subject of state and federal Ponzi scheme investigations, has been granted an insurance producer\u2019s&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":24586,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[361,1829,154,1815,1,1830,45],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/12\/son-of-ponzi-accused-georgia-building-loan-founder-now-an-insurance-agent.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24585"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=24585"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/24586"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=24585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=24585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=24585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}