Less than a week after First Liberty closed, according to records, he filed documents with the Secretary of State’s office on July 3 to incorporate Heartland Capital as a mortgage and non-mortgage loan dealer.
The Newnan-based company said in a notification dated June 27 that it was closing and working with federal authorities to complete an orderly windup of the company.
Frost’s father, Brant Frost IV, has been charged by the Securities and Exchange Commission with masterminding a $140 million Ponzi scheme that targeted hundreds of conservative investors and used faith-based appeals, political connections, and MAGA influencers to market expensive investment products.
Raffensperger turned down a request for an interview to talk about the investigation.
The lone executive mentioned in the SEC complaint is Frost IV, who established the business in 1993. He has expressed regret in public and asked investors to give a court-appointed receiver the opportunity to try his best to undo the harm I caused.
He declared, “I accept full responsibility for my actions and am determined to try to repay as much as I can to the many people I misled and let down.”
Documents and interviews reveal Another significant role in the company was played by Frost V, a former Georgia GOP vice chair who recruited possible investors on conservative talk radio.
