Georgia man accused by SEC of perpetrating Ponzi scheme says he takes 'full responsibility' for his actions
Fox News
The U.S. Securities and Exchange Commission accuses Edwin Brant Frost IV of Georgia of defrauding investors through a Ponzi scheme.
Alex Nitzberg is a writer for Fox News Digital.
"As of 2021, approximately 80% of interest and principal payments to investors were sourced from new investor funds, and not from Bridge Loan interest payments or principal repayments," the SEC complaint claims.
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