A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140m, federal officials alleged in a complaint filed on Thursday. It also could have ramifications in state Republican politics, cutting off funding to the far-right candidates that Frost and his family have favored. By 2021, the company was running as a Ponzi scheme, the complaint said, even as Frost withdrew increasing amounts of money. Sinners encouraged any victims to contact the state securities division. At June’s state Republican convention, Katie chaired a nominating committee that recommended delegates re-elect state party chairperson Josh McKoon.