The founder of a Georgia-based lending company is scheduled to be sentenced Monday after pleading guilty to federal wire fraud charges in a Ponzi scheme that took more than $76 million from hundreds of investors.
Edwin Brant Frost IV, founder of First Liberty Building and Loan, is accused of using his Christian faith and Republican political connections to attract more than 300 investors.
Federal prosecutors describe the scheme as a sustained and calculated fraud, alleging Frost continued seeking investments even after knowing the operation was collapsing…