COWETA COUNTY, Ga. — The founder of an alleged $140 million Ponzi scheme targeting Georgia Christian conservatives has been sentenced to federal prison.
Channel 2 Investigative Reporter Justin Gray has been following the case against Brant Frost IV, 69, since 2025.
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He was in federal court on Monday as Frost was sentenced to 15 years in prison and ordered to pay more than $76 million in restitution.
Frost pleaded guilty to wire fraud in connection with the collapse of First Liberty Building & Loan.
More than 120 letters submitted to the court on Frost’s behalf describe him as a deeply religious man who spent years helping those in need, mentoring others and supporting his community.
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One supporter wrote, “There goes one of the finest men that ever walked.”
But federal prosecutors argue Frost used that reputation to gain investors’ trust while operating a scheme that ultimately devastated hundreds of people.
According to prosecutors, First Liberty was a Ponzi scheme that caused more than $76 million in losses to approximately 300 investors.
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