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How a Trusted Accountant Pulled Off a $46 Million Investment Scam
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Subscribe28 MAY 2026 / FINANCE
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Jonathan D. Frost, a former Chattanooga accountant, admitted to conspiracy to commit wire fraud, money laundering, and defrauding the U.S. in relation to a fraudulent clean-energy investment scheme worth $50 million. He faces a civil judgment of $46 million, disbarment from the IRS, and a likely prison sentence, while investors face potential loss of their investments.
Jonathan D. Frost, once a Chattanooga-area accountant and co-owner of Croft & Frost, pleaded guilty in February 2026 to conspiracy to commit wire fraud, money laundering, and defrauding the United States. A few months later, a civil judgment of $46 mi...
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