Haselkorn & Thibaut Launches Investigation into Edwin Brant Frost IV and First Liberty Building & Loan, LLC

Are you an investor with First Liberty Building & Loan, LLC or worked with Edwin Brant Frost IV in Georgia or nationwide? Haselkorn & Thibaut, a nationally recognized investment fraud law firm, has initiated a comprehensive investigation into recent allegations involving this financial advisor and his affiliated firm. Our experienced team is committed to providing investors with free, confidential case reviews. Contact us today for a free consultation at 1-888-885-7162.

What Investors Need to Know: Ponzi Scheme Allegations Explained

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Recent reports indicate that the Securities and Exchange Commission (SEC) filed fraud charges against Edwin Brant Frost IV and First Liberty Building & Loan, LLC in July 2025, alleging a significant Ponzi scheme. According to the SEC, Frost and his company collected over $140 million from hundreds of investors by marketing loan participation agreements and promissory notes.

Investor funds were promised to be used for short-term business loans at attractive interest rates.
Bridge Loans supposedly repaid by SBA or commercial borrowers were represented as the core investment vehicle.
Initial investors comprised “friends and family” but opportunities soon expanded to the general public through widespread advertising.

However, the SEC’s complaint alleges that, despite these promises, the majority of investor funds were instead misappropriated or used to pay existing investors in a Ponzi-style scheme. In particular, records suggest that since at least 2021, funds from new investors were necessary simply to cover interest payments owed to earlier investors, not to fund new loans or projects as represented.

Key Details About Edwin Brant Frost IV’s Activity

According to the official filings and claims:

Only a limited portion of investor capital was ever used as advertised, and even those loans suffered high default rates.
Most bridge loans defaulted, halting expected interest payments.
Despite defaulted loans, regular investor payments were maintained by obtaining money from new investors—classic Ponzi scheme behavior according to regulators.
More than $5 million was paid directly to Mr. Frost and his family, with further funds supporting company operations and related parties.
Personal withdrawals: As recently as May 24, 2025, Frost allegedly withdrew $100,000 for personal use.
Funds were reportedly used for personal expenses, including family vacations, rare coin purchases, and high-value credit card transactions.

Disciplinary Background Check: Edwin Brant Frost IV

Haselkorn & Thibaut has conducted a thorough background check using industry databases such as FINRA BrokerCheck, SEC EDGAR, and public lawsuit records. Here is a summary of findings up to the complaint date:

Source	Findings
FINRA BrokerCheck	No customer complaints or arbitrations reported. No regulatory “Yes” answers, or disciplinary events prior to SEC charges.
SEC EDGAR	No previous SEC injunctive actions or administrative orders found for Edwin Brant Frost IV.
State Regulators	No cease-and-desist actions or settlements through public state securities records prior to July 2025 filings.
PACER/News Databases	No federal civil suits or class action claims involving Frost before the SEC complaint.
Broker-Dealer Filings	No adverse disclosure events listed for First Liberty Building & Loan, LLC or Frost up to the date of investigation.

As of this writing, there were no known customer complaints, arbitrations, or regulatory actions against Edwin Brant Frost IV prior to the SEC’s recent enforcement.

Potential Red Flags and What Investors Should Consider

Investors are encouraged to be vigilant and aware of common red flags in investment programs:

Promises of consistently high returns with low risk.
Lack of transparency about where and how investor funds are used.
Difficulty obtaining information about the advisor’s regulatory or disciplinary background.
Requiring or encouraging clients to recruit additional investors.
Pressure to invest quickly, often via widespread advertising or unsolicited pitches.

If you notice these warning signs in your own investments, you may benefit from a professional case review.

How to Research Your Advisor

Even with the best intentions, advisors may not always disclose disciplinary events up front. Consider these steps:

Use FINRA BrokerCheck to look for disclosure events, complaints, or regulatory actions for your advisor.
Consult the SEC’s public databases for enforcement updates and complaints.
If the advisor’s CRD number is unavailable, request it from their firm or review monthly account statements.

A personalized investigation may uncover issues not immediately visible in public records.

Get a Complimentary Case Review — Protect Your Financial Future

If you invested with Edwin Brant Frost IV or First Liberty Building & Loan, LLC and are concerned about your funds, you have rights. You may be entitled to recovery for losses arising from misleading representations, breach of fiduciary duty, or investment fraud.

Haselkorn & Thibaut offers:

National reach with over 50 years combined experience
Proven 98% success rate
No recovery, no fee commitment

Call us now at 1-888-885-7162 for a free, confidential consultation with an investment fraud attorney.

Your financial security is a priority—take the first step toward protecting your investments and confidence today.

Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future.  All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted. 

SEC Probe into Edwin Brant Frost IV and First Liberty Building & Loan LLC