The FBI announced that Aubrey Lee Price, 48, was sentenced in Statesboro federal court to 30 years in federal prison for perpetrating a Ponzi scheme that resulted in millions in losses and the failure of a federally insured bank.
Price, a demonstrative Christian, had been a pastor at a small Baptist Church in Griffin, Georgia, then at Clear Springs Baptist Church in Johns Creek. Many of the victims of his $50 million Ponzi scheme were fellow church members. He ran an investment firm PFG and then was a director and MB&T bank where he embezzled tens of millions.
After things started to fall apart Price sent our “suicide letters’ to friends announcing that he would kill himself by jumping from a high speed ferry in Key West, FL. After he disappeared, the Coast Guard spent time looking for him and about a year later in December 2013, he was arrested during a routine traffic stop in Brunswick, GA. Price was last registered as a broker with FSC Securities Corp, in January 2008.
Here is a link to a more detailed story about Price from the Atlanta magazine.
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