Tag: Ponzi schemes
Once fugitive banker Aubrey Lee Price gets 30 years
This morning, U.S. District Court Judge B. Avant Edenfield sentenced Aubrey Lee Price—the Georgia pastor who became an investment adviser, then a banker, then a fugitive—to a maximum of 30 years in prison stemming from a Ponzi scheme that evoked comparisons to the one masterminded by Bernie Madoff. The amount of restitution Price will owe to those he swindled is still to be determined, though it will likely be in the $46 million range.
NEWSLETTERS
