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First Liberty Building & Loan Ponzi Scheme: Receiver Reports Records in 'Shambles'

GEORGIA, JUL 22 – The Securities and Exchange Commission alleges First Liberty attracted 300 investors with up to 18% returns but used new funds to pay earlier investors in a $140 million fraud.

Summary by WAGA
The financial records of First Liberty Building & Loan are in disarray, complicating efforts to recover funds from a $140 million Ponzi scheme.

3 Articles

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LaGrange Daily News broke the news in LaGrange, United States on Tuesday, July 22, 2025.
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