A $140 million Ponzi fraud is haunting Georgia GOP ahead of midterms

James McMaster, 94 years old, lost about $1.3 million in the collapse of First Liberty Building & Loan, the Georgia investment firm built by a family of Republican power brokers. He recently got a call to contribute to a GOP campaign. “I said, ‘OK, let me tell you. Here’s where I’m at,’” McMaster said. “‘When you get all the politicians that have received funds from them and get them to return them, then maybe we can talk.’” The saga of First Liberty and the Frost family that ran it—and were long among the Georgia GOP’s most influential names—haunts the midterms....