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How an alleged Ponzi scheme targeting Republicans left investors and politicians reeling

How an alleged Ponzi scheme targeting Republicans left investors and politicians reeling

Toronto Star5 days ago
CEDARTOWN, Ga. (AP) — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He's looking to claw back funds, including almost 1,000 political donations totaling more than $1 million, that often backed far-right Republican insurgents.
Some of these same politicians say they too lost money, but others left holding the bag for First Liberty Building & Loan are rank-and-file conservatives, swayed by talk show pundits who promoted it as an opportunity for Christians and 'America First MAGA patriots.'
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