Mortgage Banker
First Liberty Building & LoanAbout
Important information
- Pending Government Action:Government Action: BBB reports on known government actions involving business’ marketplace conduct:U.S. Securities and Exchange Commission vs. First Liberty Building & Loan
On July 10, 2025, the U.S. Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court for the Northern District of Georgia against First Liberty Building & Loan, LLC and its founder, Edwin Brant Frost IV. According to the SEC, the defendants allegedly operated a Ponzi scheme that defrauded approximately 300 investors of at least $140 million. The complaint states that, from 2014 through June 2025, the defendants offered promissory notes and loan participation agreements promising high returns, while falsely representing that investor funds would be used to finance short-term business loans. The SEC alleges that the majority of those loans ultimately defaulted, and that new investor funds were used to pay previous investors. It also alleges that Mr. Frost misappropriated investor funds for personal use, including credit card payments, rare coin purchases, and family vacations.
The complaint charges violations of the antifraud provisions of federal securities laws and names five entities controlled by Mr. Frost as relief defendants. The SEC requested and was granted emergency relief, including an asset freeze, the appointment of a receiver, and other preliminary remedies. Without admitting or denying the allegations, the defendants and relief defendants consented to the SEC’s requested emergency and permanent relief. The matter remains pending.For more details, please visit https://www.sec.gov/newsroom/press-releases/2025-98-sec-charges-georgia-based-first-liberty-building-loan-its-owner-operating-140-million-ponzi-scheme?utm_medium=email&utm_source=govdelivery
Business Details
- Local BBB:
- BBB Atlanta & NE Georgia
- BBB File Opened:
- 4/29/2013
- Business Management:
- Mr. Brant Frost, Owner
Additional Contact Information
- Principal Contacts
- Mr. Brant Frost, Owner
- Customer Contacts
- Mr. Brant Frost, Owner
- Fax numbers
- Other Fax: (770) 254-9523
- Additional Email Addresses
- Primary: Email this Business
Additional Information
- Other Resources
- Secretary of State- Professional Licensing Boards
237 Coliseum Dr
Macon GA 31217
Phone Number: (478) 207-2440
www.sos.ga.gov
[email protected] - Business Categories
- Mortgage Banker, General Contractor
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