Scramble on to recover $140 million bilked from 'America First MAGA patriots': ABC News
Source: Raw Story
August 2, 2025 1:19PM ET
Victims of what is being called a $140 million Ponzi scheme aimed at Christians and America First MAGA patriots," are eagerly hoping for a return of their money, reports ABC News.
The report notes that a federal receiver is seeking the millions that "benefited some Republicans in the top ranks of their party in Georgia and Alabama," although some of them are claiming they lost money too.
At the center of the scandal is First Liberty Building & Loan, had promised investors up to 16% in profits based upon making high-interest loans to businesses which did not materialize.
According to the report, advertising for First Liberty was "pitched on shows hosted by conservatives including Erick Erickson, Hugh Hewitt and Charlie Kirk."
Read more: https://www.rawstory.com/first-liberty-ponzi/
Link to ABC article - https://abcnews.go.com/US/wireStory/alleged-ponzi-scheme-targeting-republicans-left-investors-politicians-124301336
Everything they do is for grifting, including through Ponzi schemes.

Norrrm
(2,984 posts)BumRushDaShow
(160,177 posts)for his "We Build the Wall" scam (his co-partners all ended up with jail sentences in federal prison).
After many fits and starts (and 45's pardon of him for the federal case for felony fraud charges), he got a plea deal for the NY state prosecution of the case, in exchange for no jail time - Steve Bannon pleads guilty in New York 'We Build the Wall' case
twodogsbarking
(15,775 posts)eppur_se_muova
(40,010 posts)We get OUR country, our Congress, our courts, and our White House back FIRST !!
Prairie Gates
(6,274 posts)bad fiction. What kind of a fool invests money with a guy named Brant Frost IV?
As Trump likes to say, these two are right out of central casting.
Wonder Why
(6,191 posts)SouthBayDem
(32,917 posts)BumRushDaShow
(160,177 posts)But the article had already been outside of LBN's 12-hour criteria.
popsdenver
(481 posts)A Tom Wise CEO of Silverado Savings and Loan type SWINDLE.............Among other criminal things, he and Neil Bush offered savings account interest in the high teens to all his best friends and Uber Rich buddies. They jumped at it, because even if they knew it (he) was a fraud, it was guaranteed by the SLIC?
Silverado, under Michel Wise and Neil Bush (board member) got a bailout by the U.S. Taxpayers of 2 Billion in 1980 dollars.
The first morning of the trial in Denver, the judge threw out the case after the prosecutors spent two years compiling proof of Corruption, not just poor business management. The Denver Federal Judge recused himself from the trial, and they brought up a federal judge from Texas......
Wise, Bush, and none of the other board members paid a penny in fines or spent a single day incarcerated......
rickford66
(5,977 posts)The only bright spot is that the money gets pocketed instead of used for campaigning against Democrats.
Skittles
(167,425 posts)they trust CON ARTISTS
NBachers
(18,892 posts)EarthFirst
(3,815 posts)When funding for agencies which protect the consumer are slashed; tens of thousands of federal employees are terminated -theyll find out that theres nobody left to advocate for their losses.
Elections have consequences.
mwb970
(11,950 posts)Their plan was to get rich off the gullibility and ignorance of right-wing voters. It reminds me of how trump ran for office as a republican after being a lfelong Democrat because he knew he could easily con and trick dumb republican voters. His crap would not have worked for one second among Democrats.
Deminpenn
(17,002 posts)The target audience for this scam are the most guilible people in the world. I guess I'm surprised more grifters haven't targeted them.
Vinca
(52,687 posts)Some of them honestly believe Trump is the second coming. Starve the children, feed the billionaires, so sayeth the Trump.
Bengus81
(9,388 posts)and his grifting every day too. Those MAGA idiots are flat out SUCKERS for this RW crap and the fraudsters know it.