FBI Opens Hotline for Victims of Chattanooga Investment Scheme

Investors in Jonathan Frost's hydrogen plant scam urged to contact authorities

Published on Feb. 17, 2026

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The FBI has created an email hotline and website for victims of former Chattanooga accountant Jonathan Frost's fraudulent hydrogen plant investment scheme, according to a new press release. Frost is accused of defrauding investors out of millions through the bogus investment opportunity.

Why it matters

This case highlights the ongoing challenges authorities face in protecting investors, especially retirees and other vulnerable populations, from sophisticated financial scams. The FBI's outreach aims to identify all victims and ensure they can access information and potential restitution.

The details

Frost is accused of soliciting investments for a hydrogen production plant that never materialized. Instead, he allegedly used the funds for personal expenses. The FBI is now seeking to identify all victims of the scheme in order to provide case updates and information on potential recovery of lost funds.

  • The FBI press release was issued on February 16, 2026.

The players

Jonathan Frost

A former Chattanooga accountant accused of defrauding investors through a bogus hydrogen plant investment scheme.

FBI

The Federal Bureau of Investigation, which has created an email hotline and website for victims of Frost's investment scheme.

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What’s next

The FBI is urging all potential victims to come forward by emailing the dedicated hotline so they can be included in the ongoing investigation and potential restitution process.

The takeaway

This case underscores the importance of thorough due diligence when considering investment opportunities, as well as the need for robust financial regulations and enforcement to protect vulnerable investors from sophisticated scams.