scratchycat
07-03-2012, 12:21 PM
SEC FREEZES ASSETS OF MISSING GEORGIA-BASED INVESTMENT ADVISER
1414
Aubrey Lee Price, et al. (http://www.sec.gov/litigation/litreleases/2012/lr22409.htm)
The Securities and Exchange Commission announced today that it has obtained a court order freezing the assets of a Georgia-based investment adviser who has apparently gone into hiding after orchestrating a $40 million investment fraud.
The SEC alleges that Aubrey Lee Price raised money from more than 100 investors living primarily in Georgia and Florida by selling shares in an unregistered investment fund (PFG) that he managed. Price purported to invest fund assets in traditional marketable securities, but he also made illiquid investments in South America real estate and a troubled South Georgia bank. 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.
According to the SEC’s complaint filed in U.S. District Court for the Northern District of Georgia, Price is believed to be a resident of Lowndes County in Georgia after moving from Manatee County, Fla. more at the above link.
Just 3 hours ago this announcement was made:
Aubrey Lee Price Allegedly Jacked $17 Million From A Bank. Now He's Missing And Suicidal
Aubrey Lee Price Allegedly Jacked $17 Million From A Bank. Now He's Missing And Suicidal - New York News - Runnin' Scared (http://blogs.villagevoice.com/runninscared/2012/07/aubrey_lee_pric.php)
The United States Attorney's Office has filed charges against a Georgia man for allegedly embezzling more than $17 million from the bank he manages. The problem, however, is that he's now missing -- he's also apparently suicidal.
Aubrey Lee Price has been missing since June 16, after he was last seen boarding a ferry in Key West, Florida, bound for Fort Myers. Prior to his disappearance, he told friends that he'd "lost a lot of money through trading activities and that he planned to kill himself."
According to a criminal complaint filed in the Eastern District of New York, Price became a director of the southern Georgia bank after PFG LLC, a company he controlled, bought a controlling portion of the bank's stock in December 2010.....
The complaint also notes that Price told friends that he owns homes in Venezuela and Guatemala, and he's recently traveled to Venezuela as recently as June 2, 2012.
That said, the feds now want your help -- anyone who knows where to find Price is asked to contact the FBI's New York office at (212) 384-1000, or by clicking here.
Let's hope they catch the crook!
1414
Aubrey Lee Price, et al. (http://www.sec.gov/litigation/litreleases/2012/lr22409.htm)
The Securities and Exchange Commission announced today that it has obtained a court order freezing the assets of a Georgia-based investment adviser who has apparently gone into hiding after orchestrating a $40 million investment fraud.
The SEC alleges that Aubrey Lee Price raised money from more than 100 investors living primarily in Georgia and Florida by selling shares in an unregistered investment fund (PFG) that he managed. Price purported to invest fund assets in traditional marketable securities, but he also made illiquid investments in South America real estate and a troubled South Georgia bank. 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.
According to the SEC’s complaint filed in U.S. District Court for the Northern District of Georgia, Price is believed to be a resident of Lowndes County in Georgia after moving from Manatee County, Fla. more at the above link.
Just 3 hours ago this announcement was made:
Aubrey Lee Price Allegedly Jacked $17 Million From A Bank. Now He's Missing And Suicidal
Aubrey Lee Price Allegedly Jacked $17 Million From A Bank. Now He's Missing And Suicidal - New York News - Runnin' Scared (http://blogs.villagevoice.com/runninscared/2012/07/aubrey_lee_pric.php)
The United States Attorney's Office has filed charges against a Georgia man for allegedly embezzling more than $17 million from the bank he manages. The problem, however, is that he's now missing -- he's also apparently suicidal.
Aubrey Lee Price has been missing since June 16, after he was last seen boarding a ferry in Key West, Florida, bound for Fort Myers. Prior to his disappearance, he told friends that he'd "lost a lot of money through trading activities and that he planned to kill himself."
According to a criminal complaint filed in the Eastern District of New York, Price became a director of the southern Georgia bank after PFG LLC, a company he controlled, bought a controlling portion of the bank's stock in December 2010.....
The complaint also notes that Price told friends that he owns homes in Venezuela and Guatemala, and he's recently traveled to Venezuela as recently as June 2, 2012.
That said, the feds now want your help -- anyone who knows where to find Price is asked to contact the FBI's New York office at (212) 384-1000, or by clicking here.
Let's hope they catch the crook!