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News
Politically connected lending firm founder pleads guilty in multimillion-dollar Ponzi scheme case
4+ mon, 11+ hour ago (226+ words) A prominent Georgia Republican accused of running a $140 million Ponzi scheme pleaded guilty Tuesday to one count of wire fraud, according to prosecutors....
Federal Home Loan Bank of Atlanta Releases 2025 Impact Report, Showcasing $128 Million Invested in Communities Across the Southeast
4+ mon, 1+ week ago (226+ words) ATLANTA, May 04, 2026 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today released its 2025 Impact and Affordable Housing Advisory Council Report, detailing a year of significant investment in affordable housing initiatives and continued delivery of reliable liquidity to its…...
Former Atlanta Hawks executive sentenced to prison for defrauding team over $3M
4+ mon, 1+ week ago (463+ words) A former Atlanta Hawks executive has been sentenced to serve time in prison for embezzling about $3.7 million from the NBA team, according to the U.S. Attorney's Office for the Northern District of Georgia. RELATED: Feds allege ex-Hawks executive defrauded team for…...
Georgia investment founder charged with wire fraud in Ponzi scheme
4+ mon, 2+ week ago (356+ words) Federal prosecutors charged the founder of a Georgia investment vehicle with wire fraud Thursday in connection with an alleged Ponzi scheme. Edwin Brant Frost IV, owner and president of the defunct First Liberty Building and Loan, allegedly scammed those in…...
Former Georgia Republican county chairman may face criminal charges for role in alleged Ponzi scheme
6+ mon, 3+ week ago (508+ words) February 19, 2026 / 11:56 AM EST / CBS Atlanta A former Georgia Republican Party chairman has been fined hundreds of thousands of dollars and could face criminal charges for his role in an alleged $140 million Ponzi scheme that touched the top ranks of GOP…...
NEWSTAR Exchange acquires Sweetwater Springs in Lawrenceville
7+ mon, 18+ hour ago (121+ words) Read Today’s Top Story: Investors drawn to Southern home market as Trump calls for ban on large firms Parkland Residential completed construction last year, and the community was 94% leased as of the closing of the transaction. NEWSTAR Exchange also launched…...
Atlanta Emerging Markets Receives a $75 Million New Markets Tax Credit Award from U.S. Department of the Treasury
8+ mon, 1+ week ago (509+ words) Invest Atlanta announced that its subsidiary, Atlanta Emerging Markets, Inc. (AEMI), has been awarded a $75 million allocation of New Markets Tax Credit (NMTC) by the U.S. Department of the Treasury’s CDFI Fund. This round of funding is AEMI’s largest ever and…...
Former Georgia PSC candidate arrested for alleged theft of trade secrets
10+ mon, 3+ week ago (646+ words) Patty Durand, a former Democratic candidate for the Georgia Public Service Commission and a clean energy advocate, was arrested Tuesday for the alleged theft of a Georgia Power document containing trade secrets during a commission meeting earlier that day. Durand…...
Ex-Public Service Commission candidate charged with stealing Georgia Power trade secrets, officials say
10+ mon, 3+ week ago (234+ words) October 22, 2025 / 1:58 PM EDT / CBS Atlanta A former candidate for the Georgia Public Service Commission is in custody, accused of stealing confidential information from Georgia Power. Patricia "Patty" Durand was booked into the Fulton County Jail on Tuesday night on a…...
Voting rights group New Georgia Project shutting down after ethics violation
10+ mon, 3+ week ago (212+ words) Months after a Georgia nonprofit admitted to violating campaign finance laws, it has announced it will shut down. The New Georgia Project and The New Georgia Project Action Fund will be officially dissolved. “We are proud of the milestones we…...