Overview

• Federal receiver S. Gregory Hays has seized just $1.2 million in cash, Frost family real estate and plans to auction Brant Frost IV’s Aston Martin
• The SEC lawsuit alleges Brant Frost IV skimmed $17 million and issued loans that borrowers never repaid under promises of up to 16% returns
• Investigators say the scheme drew nearly $140 million from conservative Christian and MAGA investors and funded almost 1,000 political donations exceeding $1 million
• Georgia Secretary of State Brad Raffensperger urged return of First Liberty–linked contributions and Alabama State Auditor Andrew Sorrell has already begun relinquishing campaign funds
• No criminal charges have been filed as Georgia and Alabama authorities explore the Frost family’s political ties and the role of conservative media promoters