"Patriot MAGA" investment firm collapses, taking all the patriots' money!

BWAH HAHAHAHA HAHAHA HAAAAAA!!!!!!!!!!!

*snort*

Leopards, faces, etc.

Ahh, another feel good story. I love feel good stories..

I wish I could make a handsome living fleecing those stupid MAGA cocksuckers.

Curse this damnable conscience of mine.

THAY STOLE MAH MONEY! BUT PRESIDENT TRUMP GON' TAKE CARE OF ME!

A firm believer in Darwinism here.

How long until some Republican introduces a bill in congress to bail those investors out? 1..2...3...

Brant Frost, IV

President at First Liberty Building & Loan

[quote] They’re the first non-woke, non-cancelable bank in America, a breath of fresh air!

Well maybe not quite so non-cancelable as he thought.

They were calling themselves a bank and didn’t have FDIC insurance?

Their clientele were dumb toothless MAGA yokels who don't worry about things like that, R9. It's not like they were some lame ass libruls who need stuff like that.

[quote] Its pitch: “We say yes when the big banks say no.”

For any reasonable investor, the company's pitch was an illuminated red flag. Big banks exist to make money and only say 'no' to risk. If a bank with $4.5 trillion in assets says 'no' to a lending opportunity so should you. The people that were fleeced had 6-figure sums to invest, you'd think they had at least a baseline of common sense. MAGA is truly a cult.

This is the kind of ridiculous platform my mother’s ridiculous MAGA husband would have invested in.

I recall him telling me once, that he didn’t need trading advice from me, because his financial ‘people’ were good Christians, who invested his money in good, Christian funds.

I didn’t respond, however, rolled my eyes internally, because there are no such funds that are Christians.

I’m not pleased that country bumpkin MAGA are losing their shirts with all of these horrible scams they’re pummeled with on a daily basis as soon as they open up their emails. I understand we have some here who think these folks deserve what’s coming to them, however, I disagree.

These are either dumb, average, or intelligent, unsophisticated people, & they don’t deserve to be preyed upon, just because they’re not sharp enough to steer clear of shiny new things. Yes, MANY of them are fundamentally unkind & selfish, however, I currently work with a woman who behaves and claims to be a hardcore democrat, but she’s frankly one of the most manipulative, & nastiest women I’ve EVER had the displeasure of having to interact with. She’s 100% a Klan Granny, is emotionally unwell, & has issues that should have been resolved when she was 15, but weren’t, because she chose to dig her heels into separatism, rather than genuinely trying to see other side of people’s story.

Today, I learned a LOT from her, & I feel so bad for her insecurity and childlike confusion, while still understanding she hasn’t the ability to be honest, and has zero self awareness.

I asked myself today, if I share qualities that are similar to hers, and horribly, the answer is, YES.

Here’s what I’m trying to say:

We criticize these MAGA folks all day long, & they ABSOLUTELY deserve it, but in some ways, are we like them, too?

We must ask ourselves this in order to overcome this cult. We have to get honest, & ask ourselves if we too, behave just like them, but just on the other side of the coin.

I don’t want to behave like a selfish, manipulative cunt, regardless of who I vote for or why. Look, we don’t have to be perfect, nor should we strive to be, but what I’m attempting to communicate here is that if we want to win this, we need to recognize that we’re like these assholes too, except we present it differently.

Yeah, I know that we have to do this in order to win elections, but when are we going to ever have a political party and system that is TRULY for the people, who aren’t ran by total sociopaths, attracting more wannabe sociopaths or real sociopaths, who aren’t on the take?

Why must we constantly agree and concede to politicians & politics being dirty? Why can we no longer want or even expect something and/or something different than what we have on offer now???

Is your heart truly in the right place?

Mine might be, but I’m still attempting to overcome lots of trauma, & I don’t believe I have the ability to be a leader, at this time.

That stated, you don’t have to be exposed to all of the the fucked up shit in this world to be a LEADER!

If you’re righteous & inherently GOOD? If you’re bedazzled with mistakes yet inherently GOOD, and have the energy and support to go and shake things the fuck up, GO FUCKING FORTH, AND DO SO!!!

My self esteem isn’t at a place where I can do this at this time, but for SURE, there are MANY of you who do not face my challenges.

GO FORTH & FUCK SHIT UP!!!

The force is already with you. ❤️

Just following in the footsteps of the grifter in chief.

R12 = MAGAs aren't that bad.

[QUOTE]They were calling themselves a bank and didn’t have FDIC insurance?

Didn't DOGE attempt to gut FDIC? I guess they can try to complain to the Federal Trade Commission, but I've read it's been shivved and fileted, as well.

Well at least they didn't have DEI hires. Only white Christian men work there, as it should be.

[quote] —Dee Plorable, applying for welfare

Get it while you still can Dee Dee!

I’m already looking foreward to a future American Greed episode detailing the whole fiasco. This was the first I’ve heard of it.

Between this and the Dr. Phil news, it proves that MAGA will flop you out of business.

Couldn't happen to better group of theocratic death eaters.

Dear ChatGPT,

Could you please edit/summarize R12 for me?

Sure thing, ‘Don’t laugh at dumb MAGAts cause you’re dumb too’.

I hope that overworked Nelson Muntz is getting overtime pay.

Get used to it.

R12 fool

R12 = Marianne Williamson. I wondered if we'd hear from her again.

Hey girl! Did you bring your crystals?

Anything with Liberty/Freedom = SCAM

[quote]I understand we have some here who think these folks deserve what’s coming to them, however, I disagree.

I stopped reading R12 when I got to this sentence. I figured what would follow would be some sort of whataboutism claiming that people on the left are just as stupid and bad.

Sorry, R12. These people actually do deserve what's coming to them. They decided to let their emotions (fear, arrogance, etc.) take precedence over common sense while making huge financial decisions. They were tricked by grifters who saw them as easy marks and they were too stupid to realize it.

R26 And these are the same people screaming about government regulations and how the Consumer Financial Protection Bureu is socialism. You know, the government services that help consumers from being ripped off. So yes, fuck these assholes-they deserve to be ripped off for their willful ignorance.

Quite frankly, we don’t get enough stories like these. Not for my appetite, anyway. Keep ‘em comin’!

Oh, and R12? This one’s for you.

Boo-hoo! They can cry into their MyPillows.

They should've invested in Trumpcoin or those Melanija NFTs.

Is there a Sparks Notes for r12's post?

As someone who grew up in an area dominated by a single religion, the first lesson you learn is to never trust anyone involved in or invoking religion, particularly in an investment whether monetary or otherwise. You cannot trust anyone who wraps themselves in the Bible, spouts religious bullshit, or who uses their religious bonafides as rationale for trusting them.

When someone who asks you to trust them with money invokes religion, don't walk... run! With your cash while it's still yours!

[quote}Anything with Liberty/Freedom = SCAM

Add :"Patriot" to that list.

I'm fascinated by this case.

[quote]Jayme Sickert, the Director of Compliance at First Liberty Building and Loan- a non-bank lending firm based in Newnan currently under FBI investigation- previously held a crucial role in another collapsed investment company with similarities to First Liberty. Sickert formerly served as the National Sales Director of the Atlanta-based Cornerstone Ministries Investments (CMI), a Christian-based real estate investment firm that went bankrupt in 2008 and was then investigated.

Also: pigface.

As they say, God helps those who help themselves...

“8% Return”?

^ And 13% returns if you invest larger sums. Bernie Madoff would be proud!

A dear friend of mine was exceptionally well educated but also very religious . She decided to convert her garage into a studio apt and hired a fellow church member to do the renovations. She opened a $150,000 line of credit and he used every cent and did such a terrible job everything is falling apart . Religion has absolutely no place in business. In fact if someone claims religion based on their business I sail right on by .

Did [bold] American Greed [/bold] just find it's premiere episode for next season?

“ Religion has absolutely no place in business.”

R38, religion IS business!

This is some weather we’re having, huh?

I found feel sorry for them. I grew up with selfish people like this. They are terrible, terrible people.

R15 No. you’re wrong. They can’t touch FDIC.

Trump did float the idea of eliminating the FDIC.

Of course he did, R44. He's like a special-needs child with a blowtorch.

If you didn't already have R12 blocked you soon will.

It gets juicier ... a $140 million Ponzi scheme! Endorsed by Hugh Hewitt!

[quote]Hugh Hewitt, one-time Josh antagonist, has been pitching his listeners on giving their money to what might be generously described as a fake bank which promised a totally credible 13 percent annual return when Hugh’s listeners purchased “First Liberty Notes” for a minimum purchase of $25,000. It was all a way to get out of under the “woke” banking system and build a “patriot economy” and do a lot of other cool stuff. It was all the work of a right-wing darling by the name of Brant Frost IV. Apparently the fake bank, First Liberty Building & Loand (no FDIC insurance) was a key part of the Georgia GOP ecosystem.

[quote]The SEC said Frost used investor money to make more than $2.4 million in credit card payments, another $335,000 to a rare coin dealer, $230,000 on family vacations at a rental home in Maine and $20,800 for a Patek Philippe watch.

That's probably serious jail time, but who knows if Trump will pardon him.

[quote] but who knows if Trump will pardon him.

I doubt Trump will ever look favorably on anyone who takes advantage of the marks Trump himself is scamming.

Trump commuted the sentence of a Florida health care executive convicted of leading a Medicare fraud scheme to pilfer $205 million. Of course he'll pardon these Good Christian Bankers®.

In The New York Times today.

[quote]Mr. Frost also used investor funds for his own purchases. Between 2019 and 2024, he spent $230,000 to rent a vacation home for his family in Kennebunkport, Maine, the S.E.C. said. He purchased jewelry, a Patek Philippe watch, sent funds to a rare coin dealer, and used $2.4 million of the funds to make credit card payments, it said.