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January 29, 2014

Missing Broker Resurfaces After Missing for More Than a Year

Aubrey Lee Price, a Georgia investment advisor who allegedly of caused $40 million in damages to his clients, resurfaced. According to an Investment News article, Mr. Price was last seen in June 2012. In 2012, a Georgia court made a finding that Mr. Price was deceased. Now that Price is back and alive, he is facing criminal charges for bank fraud. Price allegedly raised $40 million from his clients through a private-placement fund which promised “positive total returns with low volatility.” Price was arrested on New Year’s Eve after a traffic stop. He is now facing up to thirty years in prison and a million dollar fine.

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