Scramble on to recover $140 million bilked from 'America First MAGA patriots': ABC News [View all]
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.
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