A Republican activist and former employee of a family-run financial firm accused of bilking mostly conservative investors out of millions of dollars could face criminal prosecution after the Georgia Secretary of State’s office referred his case to a local prosecutor Wednesday.
Edwin Brant Frost V, former chairman of the Coweta County Republican Party, was also fined $500,000 by the state agency in connection with his alleged actions at First Liberty Building & Loan.
Frost is the son of the firm’s founder, Edwin Brant Frost IV.
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