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Aubrey Price, Ponzi Schemer Who Faked His Own Death Sentenced to 30 Years in Prison

Aubrey Price, Ponzi Schemer Who Faked His Own Death Sentenced to 30 Years in Prison

Aubrey Price, Ponzi Schemer Who Faked His Own Death Sentenced to 30 Years in Prison 150 150 Rex Securities Law

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.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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