The Georgia Hour, episode 124: Frost Family’s Christian Facade Crumbles, New Firm Sparks Outrage!

A $140 mil­lion Ponzi scheme led by Brant Frost IV through First Lib­er­ty Build­ing and Loan has rocked Georgia’s GOP, expos­ing deep ties with the Frost fam­i­ly. Oper­at­ing under a veneer of Chris­tian­i­ty and con­ser­vatism, Frost alleged­ly defraud­ed over 300 investors from 2014 to June 2025. His son, Brant Frost V, and daugh­ter, Katie Frost, hold key GAGOP roles, fuel­ing calls for the par­ty to sev­er ties. Despite a fed­er­al fraud inves­ti­ga­tion, Brant V launched Heart­land Cap­i­tal, prompt­ing a sub­poe­na from Sec­re­tary of State Brad Raf­fensperg­er for finan­cial records. Raf­fensperg­er has urged return­ing Frost-relat­ed dona­tions to aid vic­tims, ampli­fy­ing the scandal’s polit­i­cal fall­out.

GAGOP Chair­man Josh McK­oon, close­ly linked to the Frosts, returned dona­tions only after Brant IV invoked the Fifth Amend­ment, draw­ing crit­i­cism for delayed action. The Atlanta Jour­nal-Con­sti­tu­tion under­scores the Frost-GAGOP con­nec­tion, while Democ­rats, led by Rep. David Scott, crit­i­cize the SEC’s over­sight fail­ures. The scan­dal threat­ens McKoon’s lead­er­ship, which depends on Gov­er­nor Bri­an Kemp’s sup­port, amid a con­tentious 2026 elec­tion cycle. Kemp’s back­ing of Derek Doo­ley for Sen­ate, despite Dooley’s rumored Demo­c­ra­t­ic vot­ing his­to­ry, has sparked ten­sions with MAGA-aligned can­di­dates like Mike Collins. The GAGOP’s finan­cial insta­bil­i­ty and fail­ure to deci­sive­ly address the Frost ties risk a “train­wreck,” with Raffensperger’s sub­poe­na pow­er poten­tial­ly tar­get­ing the par­ty next, as pub­lic out­rage grows over the Frosts’ actions.

• Every­day there is some­thing new in the $140M Ponzi scheme. The first legal claim is against First Lib­er­ty Build­ing and Loan. Brant IV, Brant V and Katie Frost all three work at the com­pa­ny. They did it under the guise of chris­tian­i­ty, con­ser­v­a­tive, and Amer­i­ca First. They are so inter­twined in the GOP all across the Unit­ed States. It is a train­wreck for GA pol­i­tics. Instead of mak­ing amends, Brant V starts a new lend­ing firm. State reg­u­la­tors have sub­poe­naed Brant Frost V –the son of the founder of First Lib­er­ty Build­ing & Loan – after he launched a new lend­ing firm amid a sweep­ing fed­er­al fraud inves­ti­ga­tion into his fam­i­ly finan­cial firm. Sec­re­tary of State Brad Raffensperger’s secu­ri­ties divi­sion issued a sub­poe­na Thurs­day seek­ing com­pen­sa­tion agree­ments, busi­ness records and bank states­man tied to Frost’s new firm, Heart­land Cap­i­tal. Brad Raf­fensperg­er is play­ing this to its fullest. 
• Josh McK­oon and Salleigh Grubbs had a mas­ter plan and it is falling apart. The oth­er day Josh cut a check to the Receiv­er and released a state­ment and his sup­port­ers put the angel wings on Josh. There should have been a com­plete sev­er of ties imme­di­ate­ly from the Frost fam­i­ly by the GAGOP. Josh released the state­ment 10 days after the receiv­er was put in place. The only rea­son they made the deci­sion to give the mon­ey back until Brant IV plead­ed the fifth and the receiv­er released his first sta­tus report. The exec­u­tive com­mit­tee, chair­man and state com­mit­tee should have end­ed every­thing they had with the Frost fam­i­ly. When Josh was in the state sen­ate use to come out of the Gold Dome every­day. Every arti­cle the AJC writes they have that one para­graph to let every­one know that the Frost fam­i­ly is tied to the GAGOP. 
• Democ­rats are going to pick some­one to the chair of the SEC accus­ing the agency of fail­ing to detect the Ponzi scheme. David Scott is the guy, he is a US rep­re­sen­ta­tive and from Geor­gia. He wrote a let­ter to say that they didn’t pro­tect the peo­ple. The let­ter asks SEC chair Paul Atkins to answer ques­tions about its inves­ti­ga­tion of FLBL and detail how the agency plans to help vic­tims recov­er their invest­ments. “This is not just a case of reg­u­la­to­ry fail­ure, it is a betray­al of the trust that every­day investors place in our finan­cial sys­tem and the insti­tu­tions tasked with pro­tect­ing them, ” wrote Scott, an Atlanta demo­c­rat who is on the House finan­cial ser­vices com­mit­tee. 
• The Frost and the GA GOP, Josh McK­oon, Salleigh Grubbs and oth­ers are tight and they don’t know how to sep­a­rate and it will get bad. 
• The Sec­re­tary of State has sub­poe­na pow­er and can sub­poe­na your records. When you think of SOS in GA you think of elec­tions but they also issue licens­ing, com­pli­ance, and more. The SOS can inves­ti­gate you with­in the guide­lines. Be ready for the SOS to issue the sub­poe­na for the GA GOP Inc. 
• Have the Frost’s buried the mon­ey in the back­yard because there is always mon­ey in the banana stand. 
• Michael What­ley is run­ning for NC Sen­ate … Michael What­ley was work­ing to help Josh McK­oon to be the next RNC chair­man. Josh worked very strong­ly with Turn­ing point action. Char­lie Kirk worked to get the next chair to be very Turn­ing Point action friend­ly. But Don­ald Trump said to Josh it is not going to hap­pen. Remem­ber dur­ing the rigged cam­paign that Josh was the super­bowl coach. There was a plan in place but the good peo­ple, the fight­ers that will not stop made sure that the fight to expose the cor­rup­tion at the con­ven­tion and this cat­a­stro­phe with the Frost every­thing fell apart for Josh. Josh did not want to be GAGOP chair. Josh’s job hinges on Bri­an Kemp and a repub­li­can keep­ing the job. Josh McK­oon is going to back Burt Jones for Gov­er­nor. But if Chris Carr or Brad Raf­fensperg­er win they will find some­one bet­ter to do Josh’s job. 
• Repub­li­cans need Keisha Lance Bot­toms to be the demo­c­rat can­di­date for gov­er­nor. Because Jason Esteves is nor­mal, looks like some­one you can trust. He is talk­ing to the fam­i­lies, hard work­ing fam­i­lies. Bri­an Kemp is going to get so far in the way that he will screw every­thing up. Jason will not keep Josh in the job. 
• There will be peo­ple going after Josh 7 days a week and if the wrong per­son gets elect­ed Josh will lose his job. Josh has to do every­thing he can to show neu­tral­i­ty. Offi­cial­ly you don’t have Bri­an Kem­p’s pick for gov­er­nor. You will have 3–4 can­di­dates for Lt Gov­er­nor. You have Kelvin King and Tim Flem­ing for SOS and we hear Gabe Ster­ling will also run. For the sen­ate you have Bud­dy Carter, Kemp’s can­di­date and Mike Collins. 
• There is a lot of talk about the finances of the GAGOP. It is not sol­id and is about to explode. This was not Josh’s plan. 
• In the gov­er­nors race you have Burt Jones (Lt gov­er­nor) and Chris Carr (attor­ney gen­er­al). Burt Jones wears the hat. Rumors are that Brad will put his hat in and you haven’t heard from MTG. The race is not set because you don’t see Bri­an Kemp’s can­di­date yet. 
• Now Bri­an Kemp appoint­ed John King as insur­ance com­mis­sion­er. King was the first to put his name in the Sen­ate bid. King is loy­al to Kemp. He is pro Trump and pro Kemp and Kemp stabs him in the back. John King exits Sen­ate race amid push by Kemp to shape the field. King is very angry and is back to run for insur­ance com­mis­sion­er. Kemp is putting his sup­port behind Derek Doo­ley, Vince Dooley’s son. Kemp thinks he can Tom­my Tub­berville Derek. What until peo­ple find out that Derek Doo­ley vot­ed for Barack Oba­ma twice and he is a demo­c­rat? Did you real­ly think that Bri­an Kemp would have respect for Don­ald Trump? Every­time there has been a seri­ous some­thing tak­en place Bri­an Kemp will go his way despite Doanld Trump.  
• Kemp is lay­ing the ground­work for Dooley’s cam­paign. Kemp also called Bud­dy Carter and Mike Collins to tell them he won’t sup­port their cam­paigns. The pres­sure cam­paign under­scores Kemp’s desire to avoid a messy GOP brawl in one of the nation’s most close­ly watched Sen­ate races. Now you are not a can­di­date until you qual­i­fy. Bud­dy Carter could go in to qual­i­fy for the con­gress­men seat in the 1st dis­trict. BKP’s gut feel­ing is that Mike Collins is going to be Trump’s pick. Remem­ber the Lakin Riley’s act that Trump signed into law, Mike Collins wrote. Carter who is self-financ­ing his cam­paign. Kemp push­es to clear the field as Doo­ley enters the race. It will be again Bri­an Kemp against Don­ald Trump. 
• Collins is try­ing to seize the MAGA lane, while Doo­ley pre­pares a more main­stream GOP race with help from Kemp’s advi­sors. Kemp has nev­er been MAGA and is part of de-MAGA-nfy­ing Amer­i­ca. McK­oon has to do every­thing that Kemps says.