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October 27, 2026
Georgia Republican Edwin Frost sentenced to 15 years for $76 million Ponzi scheme
- Federal prosecutors said the scheme caused losses to more than 300 investors.
- Frost admitted to wire fraud in May; investigators said he diverted $17 million to himself, relatives and affiliated companies.
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2 Sources
- Prominent Georgia Republican gets 15 years in prison after pleading guilty in Ponzi schemeOct 27, 2026 at 2:51 PM · ABC News
- Prominent evangelical Georgia Republican jailed 15 years for $76 million Ponzi schemeOct 27, 2026 at 4:55 PM · Independent