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As The Georgia Record reported yesterday, the offices of First Liberty Building and Loan, LLC, in Newnan GA, reportedly ceased operations on Friday June 27th, as a result of action by U.S. Federal authorities involved in looking into the businesses operations.

The company, reportedly owned by Brant Frost IV and family, can be found on the Georgia Secretary of State website.  Filings indicate it was incorporated in 2005 and has been in business until Friday’s closure.

Details are not yet available regarding the SEC’s decision to step and take action against First Liberty.

The company was located in downtown Newnan next to various retail shops on Greenville Street:

A formal notice announcing the closure was posted on the company’s website yesterday afternoon:

While the current firstlibertyga.com website displays the message above, the original contents of First Liberty's wwebsite is available thourhg the Internet Archive (wayback machine.)

Previously, the company’s site touted their ability to provide loans when other Banks would decline to make such loans.

They also noted a number of personalities who have helped spread visibility about First Liberty in the past:

As word of the closure spreads, concerns emerge regarding those who may have placed money in First Liberty’s hands, lured by promises of investment returns of 8 to 13% (as shown above.)

Tenured investment experts expressed concern around such claims, given the state of the U.S. economy, existing treasury bill and federal interest rates and other factors.

Founder Brant Frost and his family have oft been pictured with notable political figures across Georgia and on the national scene:

Here members of the family appear with Charlie Kirk and Vivek Ramaswamy.

Over the past year or more the company has been allowing additional investors to participate in their offerings with as little as a $25,000 investment.   Edwin Frost aka “Brant” Frost explains in this promotional video with John Fredericks.

Up until the Georgia State GOP Convention was held some weeks ago, Edwin Frost had repeatedly distributed emails containing GOP candidate information and interviews, while also including promotional information from First Liberty.  

This has prompted many to ask, when did company officials know there was a problem and why would they continue to attract new investors?

Have investors been harmed?

This is not yet fully known, but confidential sources who had placed money with First Liberty, hoping for the aforesaid 8-13% returns report they fear that the capital invested may now be partially or completely lost.

How big is the issue?

First Liberty’s website states they had funded over $100 Million in loans, how much of this number represents capital from private investors is not disclosed.

Who were the investors in First Liberty?

Members of the Frost family have been deeply involved in Georgia politics, and frequent contributors to legislative campaigns and causes.

Several family members have been active members of the Georgia GOP, Georgia Republican Assembly, and some hold “leadership” positions in various GOP County and District organizations.

Early reports suggest that it is likely certain members of all these organizations (and more) may have made investments in First Liberty and may then be exposed to financial losses that may become apparent as a result of the company’s seizure.

Some have speculated that even those at the highest levels of Georgia politics may be exposed to losses associated with First Liberty.

The Georgia Record will continue to report on the matter as additional facts are disclosed.