Fugitive Fraudster Aubrey Price Pleads Guilty

 
Posted by Brenda Hamilton Securities Attorney

On June 5, 2014, fugitive banker Aubrey Price plead guilty to bank, securities and wire fraud charges. Aubrey Price faces up to 30 years in prison and millions in restitution and fines.

In 2012, Price controlled more than $10 million of investor funds that were put invested into Montgomery Bank Trust, a small bank located in Alabama.  After being named a director of the bank, Aubrey Price caused the loss of more than $21 million of bank funds which he misappropriated, embezzled and lost in speculative trading and other bad investments.

To hide the fraud and investment losses, Aubrey Price created fabricated account statements and other documents.  Regulators eventually shut down the bank after his activities were detected. To avoid being apprehended, in 2012, Aubrey Price left a suicide note and faked his own death.  He was missing more than a year before being apprehended during a traffic stop in December of 2013. Sentencing for Aubrey Price has not yet been set.

For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at [email protected] or visit www.securitieslawyer101.com.   This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. For more information about going public and the rules and regulations affecting the use of Rule 144, Form 8K, crowdfunding, FINRA Rule 6490, Rule 506 private placement offerings and memorandums, Regulation A, Rule 504 offerings, SEC reporting requirements, SEC registration statements on Form S-1 , IPO’s, OTC Pink Sheet listings, Form 10 OTCBB and OTC Markets disclosure requirements, DTC Chills, Global Locks, reverse mergers, public shells, direct public offerings and direct public offerings please contact Hamilton and Associates at (561) 416-8956 or [email protected]. Please note that the prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
Facsimile: (561) 416-2855
www.SecuritiesLawyer101.com