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  #1  
Old 07-04-2012, 06:30 PM
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GA-Investment advisor accused of $40M fraud on run

Just a plain old swindler, he hasn't eaten any people or live animals yet...I feel sorry for his wife and 4 children...

http://valdostadailytimes.com/local/...d-of-40M-fraud

VALDOSTA — A nationwide search continues for an investment advisor with Lowndes County connections who is suspected of embezzling approximately $40 million.

The U.S. Securities and Exchange Commission announced Tuesday that it has obtained a court order freezing the assets of Aubrey Lee Price, 46, who has allegedly gone into hiding. He reportedly moved recently from Manatee County, Fla., to Lowndes County.
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“In order to conceal mounting losses of investor funds, Price created bogus account statements with false account balances and returns that were provided to investors and bank regulators,” the release continued.

Price has been missing since June 16. He was last seen aboard a ferry sailing from Key West, Fla., to Fort Myers, according to various media reports. Price’s possible whereabouts have also been linked to Venezuela.
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Other media reports stated that the Brooklyn U.S. Attorney’s Office has issued an arrest warrant for missing funds wired through a New York City bank and is not convinced that Price has committed suicide.

In addition, the SEC reported that Price sent a 22-page letter titled “Confidential Confession For Regulators — PFG, LLC, and PFGBI, LLC Summary” to individuals. In the letter, Price admits that he “falsified statements with false returns” in order to conceal between $20 million and $23 million in investor losses.


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Old 07-09-2012, 01:47 AM
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Feds: Georgia banker missing, so is $17 million

http://www.cnn.com/2012/07/08/us/geo...aud/index.html

Atlanta (CNN) -- A Georgia banker who went missing last month is being sought by federal authorities for allegedly embezzling millions of dollars from a south Georgia bank.

Aubrey "Lee" Price, 46, is charged with wire fraud, and is suspected of defrauding more than 100 investors of at least $17 million dollars over the course of two years, a criminal complaint from the U.S. Attorney's Office in the Eastern District of New York, said.............

But federal investigators, including the FBI, believe Price, who owns property in Venezuela and Guatemala, may be on the run. FBI Special Agent Michael Howard said in the complaint that investigators believe Price "may own a boat that would be large enough to travel to Venezuela from Florida."

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Old 12-11-2012, 10:56 AM
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FBI profile:

http://www.fbi.gov/wanted/wcc/aubrey-lee-price/view
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Old 12-31-2013, 05:33 PM
murphy3k murphy3k is offline
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Look who was arrested in a traffic stop today!

http://www.ajc.com/news/news/breakin...rrested/ncZFz/
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Old 12-31-2013, 10:06 PM
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Wow, and big change in appearance, no?
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Old 12-31-2013, 11:10 PM
Blondie in Spokane Blondie in Spokane is offline
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I can't believe how different he looks......in both photos! I would never have guessed this is the same person!

Thanks for the update Murphy!
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Old 01-01-2014, 09:43 PM
scubadvr99 scubadvr99 is offline
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I think it is odd that he was caught around 2 hours from Valdosta and not in some other country.
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Old 01-03-2014, 04:14 AM
Blondie in Spokane Blondie in Spokane is offline
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Banker accused of faking his own death to avoid $20m fraud charges makes first court appearance after he was caught during traffic stop

Read more: http://www.dailymail.co.uk/news/arti...#ixzz2pKDiqnaz
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Old 01-03-2014, 03:19 PM
murphy3k murphy3k is offline
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Here's another update from the AJC. I suppose we can take a guess as to how he was supplementing his income.

http://www.ajc.com/news/news/local/a...roperty/ncbjY/

Also, per this article, his family didn't know he was alive. Crazy to think he was living within a few hours drive of them!

http://www.ajc.com/news/business/cap...s-judge/ncZzH/
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Old 01-03-2014, 08:06 PM
Blondie in Spokane Blondie in Spokane is offline
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Thanks Murphy! This is so sad.....here's an article from Daily Mail.....

http://www.dailymail.co.uk/news/arti...g-suicide.html

"Anguish of $21m fraudster banker's wife after he's found running POT FARM a year after faking his suicide"
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Old 01-03-2014, 09:51 PM
fran fran is offline
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Ah geezzzz. I bet they're going to make the wife pay back the social security benefits. She's been getting $800 a month and added to her teacher salary, she's barely surviving.

Wow, poor thing.

What a shocker!
JMHO
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Old 01-05-2014, 11:35 PM
Blondie in Spokane Blondie in Spokane is offline
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"EXCLUSIVE: 'We thought we knew him': The web of lies that $21m banking fraudster who faked his own suicide told new friends during his 18 months on the run"

Read more: http://www.dailymail.co.uk/news/arti...#ixzz2pacvTHE2
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Old 01-08-2014, 12:23 PM
Blondie in Spokane Blondie in Spokane is offline
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'Dead' Banker Pleads Not Guilty to Fraud Charges

http://abcnews.go.com/US/wireStory/g...-bond-21457987
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