MAGA Scammed In Alleged $140M Ponzi Scheme

August 2, 2025 Christianists, Republicans

The Associated Press reports:

A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He’s looking to claw back funds, including almost 1,000 political donations totaling more than $1 million, that often backed far-right Republican insurgents.

Some of these same politicians say they too lost money, but others left holding the bag for First Liberty Building & Loan are rank-and-file conservatives, swayed by talk show pundits who promoted it as an opportunity for Christians and “America First MAGA patriots.”

Brant Frost IV [photo], an evangelical powerbroker, touted “Wall Street returns for Main Street investors.” But he skimmed $17 million for himself, his relatives and their affiliated companies, and loaned millions more that borrowers never repaid, a U.S. Securities and Exchange Commission lawsuit claims.

Read the full article. My first report on this is here. Hit the link for more from wailing cultists who say they’ve lost their life savings. The cultist wailing below organized the pre-riot rally on January 6.



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