The U.S. Securities and Exchange Commission (SEC) has charged First Liberty Building & Loan, a Georgia-based firm, and its owner with orchestrating a $140 million Ponzi scheme. Announced on July 12, 2025, the SEC alleges that the firm misled investors by promising high returns while using funds from new investors to pay earlier ones. This case underscores the SEC's ongoing efforts to combat financial fraud and protect investors from deceptive practices.