(Editor’s note: The video above is from an earlier report.)
ATLANTA, Ga. (Atlanta News First) — The man accused of running a $140 million Ponzi scheme — and who has already pleaded guilty to one count of wire fraud — will learn how many years, if any, he will spend in jail on Friday.
Brant Frost IV founded and controlled First Liberty Building and Loan, a now-defunct Newnan-based lending firm. Prosecutors claim Frost, 68, took money from investors with promises of big returns, but instead used it to pay off earlier investors and fund his own lavish lifestyle…