During an interview on Wednesday, the director of the Alabama Securities Commission, Amanda Senn, told APR the ASC is actively communicating with the Alabama Secretary of State’s office and Georgia officials about the alleged First Liberty Building & Loan Ponzi scheme.

In July, the federal Securities and Exchange Commission filed charges against First Liberty Building & Loan, LLC, and its founder, Edwin Brant Frost IV, accusing Frost of defrauding  “approximately 300 investors of at least $140 million.”

Members of the Frost family were deeply involved in Republican politics in Georgia as regular donors who sat on and chaired GOP committees at both the state and county levels. They had also been involved in conservative politics outside of the state. Several Alabama politicians were affec

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