Ponzi Scheme Investigation: Prominent Georgia Republican Fined $500K, Referred for Possible Charges

First Liberty investigation targets GRA leader

A leader of a far-right organization has been fined $500,000 by the Georgia Secretary of State’s Securities Division in the latest development of the First Liberty Building & Loan scandal.

Cobb Republican leader fined $500K, referred for prosecution in First Liberty collapse

Republican activist Nathaniel Darnell of Powder Springs is required to pay a $500,000 fine and has been referred to the Cobb District Attorney for prosecution following a Ponzi scheme investigation.

Ponzi scheme investigation: Prominent Georgia Republican fined $500K, referred for possible charges

The Georgia Secretary of State’s Office is fining a prominent Georgia Republican leader for his alleged role in a $140 million Ponzi scheme. He may also face criminal charges.

Leader of far-right group fined $500,000 in connection with alleged First Liberty Ponzi scheme

Timothy Nathaniel Darnell, the president of the Georgia Republican Assembly has been fined $500,000 for his involvement in an alleged Ponzi scheme. Ross Williams/Georgia RecorderThe president of the Georgia Republican Assembly, a right wing political organization, has been fined $500,000 for his alleged involvement in an suspected Ponzi scheme that authorities say defrauded investors out of $140 million, the Georgia Secretary of State’s office a…

Far-right Republican gets whacked over Georgia Ponzi scheme

The Atlanta Journal-Constitution reports the president of conservative insurgency group the Georgia Republican Assembly has been hit with a $500k fine for his part in a massive Ponzi scheme that primarily afflicted Republican donors.The office of Georgia Secretary of State Brad Raffensperger alleges that Nathaniel Darnell “used religion and shared political views to recruit some of his clients and steered them toward investments in First Liberty…

Secretary of State Fines Darnell $500K in First Liberty Ponzi Scheme

Georgia Secretary of State Brad Raffensperger has issued an emergency order against Timothy Nathaniel Darnell of Powder Springs, barring him from securities activity in Georgia, imposing a $500,000 civil penalty, and referring him for potential criminal prosecution in connection with the collapse of First Liberty Building and Loan, which has a consent judgment identifying it as a Ponzi scheme.  The enforcement action comes one week after the Sec…