ATLANTA, Ga. (Atlanta News First) — Brant Frost IV – the massive donor to Republican candidates and the mastermind of a $140 million Ponzi scheme – will learn how many years he will spend in jail on Monday.
Frost, 68, has already pleaded guilty to one count of wire fraud and is facing a maximum sentence of 20 years in prison.
Frost founded and controlled First Liberty Building and Loan, a now-defunct Newnan-based lending firm. Prosecutors claim Frost took money from investors with promises of big returns, but instead used it to pay off earlier investors and fund his own lavish lifestyle…