The Georgia Hour, episode 116: Frost’s $140M Ponzi Scheme Scandal Entangles GAGOP and Attorney Alex Kaufman—How Deep Does It Go?

The Frost family’s alleged $140M Ponzi scheme through First Lib­er­ty Build­ing and Loan has rocked the Geor­gia Repub­li­can Par­ty (GAGOP), with deep ties to attor­ney Alex Kauf­man, the GAGOP’s reg­is­tered agent. Krista Frost, her son Brant V, and daugh­ter Katie Frost hold key GAGOP roles, while Kaufman’s firm received mon­ey from First Lib­er­ty for legal fees. Ques­tions swirl about Kaufman’s rep­re­sen­ta­tion of the Frosts and GAGOP, amid calls for a foren­sic audit. Oh didn’t the AJC say Brant resigned? Did he or didn’t he? We are liv­ing in a bizarro world and you can’t make any of this up!

• Are we liv­ing in a bizarro world? You can’t make this shit up. Crick­ets on the FLBL $140 Ponzi scheme from lead­ers and GAGOP.  Yes­ter­day the AJC report­ed that Brant Frost V resigned as the Cowe­ta Coun­ty chair, which we report­ed that he had just stepped down. Today, he has resumed his posi­tion. We are wait­ing for a state­ment from Burt Jones, Chris Carr, State sen­a­tors and rep­re­sen­ta­tives… is any­one going to make a state­ment. The first move to take the high road is Sec­re­tary of State, Brad Raf­fensperg­er. The AJC is hav­ing fun with this… Top Geor­gia Repub­li­cans call on pols to return the mon­ey. When just a month ago repub­li­cans vot­ed to reject Brad Raf­fensperg­er as a repub­li­can. 
• Georgia’s top elec­tion offi­cial Mon­day called on can­di­dates and polit­i­cal com­mit­tees to return con­tri­bu­tions from a scan­dal-rid­den finan­cial firm and its own­ers. SOS Brad Raf­fensperg­er made the request after the US SEC accused FLBL of defraud­ing about 300 investors of at least $140M. The SEC says the orga­ni­za­tion made false promis­es of big returns but used their mon­ey for per­son­al use, for polit­i­cal con­tri­bu­tions and to repay oth­er investors. That is the kick­out punch that Brad Raf­fensperg­er throws and where is every­one else? 
• S Gre­go­ry Hays is the receiv­er to take the mon­ey in. We under­stand that there are sev­er­al politi­cians that have already made con­tact to return the mon­ey. 
• Raf­fensperg­er received at least $7500 from the Frost fam­i­ly in 2018.
• Shouldn’t we have Chris Carr, Josh McK­oon come out to pri­or­i­tize the vic­tims. But the Frost fam­i­ly is still inter­twined in the GAGOP, not being asked to leave. 
• This inves­ti­ga­tion is going back to 2014. If you go through the giv­ing report they used the daugh­ters to give mon­ey to politi­cians. 
• These peo­ple have been involved in con­trol­ling a cor­rup­tion con­ven­tion elec­tion cycle. Yes­ter­day Alan Brady was the first vice chair and act­ing chair of the Cowe­ta Repub­li­can par­ty. Krista Frost is the sec­ond vice chair. 
• What does the Frost fam­i­ly have on Josh McK­oon? This is play­ing out in pub­lic that they don’t give a shit. Yes­ter­day Brant Frost told Cowe­ta Coun­ty that he is not leav­ing. 
• The whole fam­i­ly is dar­ing the GAGOP Inc. 
• Do you know Alex Kauf­man? The reg­is­tered agent for the GAGOP. Lau­rie McClain is list­ed as CFO, if you are the CFO you pull rank. There is no day that Josh McK­oon can’t keep you from the books. The GAGOP Inc rules give Josh all the pow­er. But the Sec of State web­site has her list­ed as CFO, as trea­sur­er it will be impor­tant to be CFO. 
• The Secu­ri­ties and Exchange Com­mis­sion­er issued a con­sent judge­ment against Brant Frost and First Lib­er­ty Build­ing and Loan. It is a stan­dard con­sent judge­ment. This was need­ed to start the inves­ti­ga­tion and the receiver­ship to start. This is not a deal. It is the con­sent to move for­ward. Michael Lawrence Brown is the judge that signed it. He has been on the bench since 2018 appoint­ed by Pres­i­dent Don­ald J Trump. 
• There is some­thing bad wrong with this. The judge should be made aware of all the details. There is some con­flict here that needs to be addressed. 
• From the con­sent judge­ment: “It is fur­ther ordered that notwith­stand­ing the fore­go­ing restric­tions set forth in Sec­tion V, Trusit Bank shall trans­fer $34,733.64 from the First Lib­er­ty Cap­i­tal Fund­ing account … to the law firm of Chalmers, Adams, Backer & Kauf­man, LLC to pay out­stand­ing legal fees incurred by FLBL pri­or to the ini­ti­a­tion of this action.” This is Alex Kauf­man who was on the boat with domin­ion lob­by­ist John Garst and GAGOP chair Josh McK­oon. He is the attor­ney of the GAGOP. Is he rep­re­sent­ing the GAGOP case where the Frost fam­i­ly may be involved. Will the receiv­er send a let­ter to GAGOP Inc, Alex Kauf­man to return all the funds that the GAGOP has received. As state com­mit­tee mem­bers of the GAGOP, Alex Kauf­man would rep­re­sent the Frost fam­i­ly, Brant, Katie and Krista. Who is also get­ting pay­ment by FLBL in the judge­ment.  
• Just so you know, Alex Kauf­man was on the line dur­ing the Jan 2nd call between Trump and Raf­fensperg­er. He was on the call in his capac­i­ty as gen­er­al coun­sel for the Ful­ton Coun­ty repub­li­can par­ty and as asso­ciate gen­er­al coun­sel for the Geor­gia repub­li­can par­ty in the 6th Con­gres­sion­al Dis­trict. This is so inter­twined. When the FBI starts look­ing at the books and hard­drives, the GAGOP needs a full finan­cial foren­sic audit. The audac­i­ty of not com­ing out with a state­ment, to say to the vic­tims the vot­ers that repub­li­cans don’t want your vote. The Frost fam­i­ly are still push­ing the but­tons at the GAGOP. These peo­ple had enough con­trol and were in full pan­ic and under finan­cial stress that they would do any­thing. Michael What­ley, RNC, needs to know that the pan­ic that the fam­i­ly was under that the entire elec­tion con­ven­tion was rigged from the start. The RNC needs to act. 
• The last known polit­i­cal dona­tion on June 10, 2025 was by Krista Frost to Kan­diss Tay­lor in the amount of $3500. Kan­diss was the for­mer first dis­trict chair of the GAGOP. Kan­diss was on the nom­i­nat­ing com­mit­tee with Katie Frost and Krista Frost for the 2025 GAGOP State Con­ven­tion on June 7, 2025. What are Kan­diss’ inten­tions? We do not have a state­ment from Kan­diss. She is a can­di­date for the US Dis­trict 1 rep­re­sen­ta­tive. Was that a pay­off on June 10th? 
• What does the Frost fam­i­ly know about Josh McK­oon, David Shafer, politi­cians across the state that they have the nerve to stay inter­twined in the GAGOP on the state com­mit­tee, dis­trict boards and coun­ty boards.