SEC says prominent Georgia Republican bank boss defrauded 300 investors in $140 million Ponzi scheme

fortune.com/2025/07/11/sec-georgia-republican-bank-boss-defrauded-140-million-ponzi-scheme

A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140 million, federal officials alleged in a complaint filed Thursday.
The civil lawsuit by the U.S. Securities and Exchange Commission said First Liberty Building and Loan, controlled by…

This story appeared on fortune.com, 2025-07-11 08:51:30.
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