Georgia fines former First Liberty principal as part of alleged Ponzi scheme investigation

By: Ross Williams

Outlets: Georgia Recorder

Published: February 18, 2026

Words: 303

Last Updated: 3 weeks, 1 day ago

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The Secretary of State’s Office has ordered a former principal of the now-defunct lending firm First Liberty Building and Loan to pay a $500,000 fine for alleged investment fraud.

In an order filed Wednesday, Brant Frost V is accused of selling securities and offering investment advice to First Liberty investors without being licensed to do either, and providing false information to investors about their potential returns.

The secretary of state’s office regulates Georgia’s securities …

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