TBA Law Blog


Posted by: Azya Thornton on Feb 18, 2026

Former Chattanooga accountant Jonathan D. Frost has pleaded guilty to three federal felonies, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to defraud the United States. According to a press release from the U.S. Department of Justice, the scheme misused investor funds meant for a hydrogen gas facility but instead were converted to the personal use of Frost and his co-conspirators. Frost waived his right to a grand jury indictment before U.S. Magistrate Judge Christopher H. Steger and agreed to a monetary judgment against him of at least $70 million. His sentence will be determined later by Chief U.S. District Judge Travis R. McDonough at a hearing set for Aug. 7. Frost faces up to a combined 45 years in federal prison. Victims of Frost's hydrogen plant scheme are encouraged to email the FBI and access case updates through this website.