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Missing South Georgia banker arrested. (Aubrey Lee Price)
Atlanta Journal & Constitution ^ | 12/31/13

Posted on 12/31/2013 5:30:15 PM PST by Broker

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To: PAR35

Tax payers covered deposits via FDIC. .Ameris Bank took over MB&T operations 2012. https://www.amerisbank.com
Stockholders and creditors lost everything.


21 posted on 01/01/2014 7:49:16 AM PST by Tugo (POTUS = Marxist)
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To: Tugo

Creditors were a drop in the bucket.

Administrative Liabilities $ 415,000.00
FDIC Subrogated Deposit Claim $107,355,000.00
Uninsured Deposit Claims $0
Other Claimant Liabilities $269,000.00

https://www5.fdic.gov/drrip/bal/balancesheet.asp

“The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $75.2 million.”
http://www.fdic.gov/news/news/press/2012/pr12080.html


22 posted on 01/01/2014 8:04:57 AM PST by PAR35
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To: PAR35

Have you discovered share holder records ?


23 posted on 01/01/2014 8:16:16 AM PST by Broker (Never submit!)
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To: Broker

All I know is what I’ve read on the internet - mainly from the AJC. But wasn’t the bank already broke when this guy showed up? Or am I confusing him with another banker.


24 posted on 01/01/2014 8:33:15 AM PST by PAR35
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To: Broker
You'd never guess his race.

That's right.

Amish, again.


25 posted on 01/01/2014 8:38:33 AM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: PAR35

Broke on arrival ALP. Recapitalized with shareholders additional share purchase. No details. Good money after bad.


26 posted on 01/01/2014 8:40:31 AM PST by Broker (Never submit!)
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To: Tugo

Whose shares did Mr Price buy? Privately held, who brought Price in?
Gannett News reports:
47-year-old Aubrey Lee Price became director of Montgomery Bank and Trust in southern Georgia after a company he controlled bought a controlling interest in the bank’s stock. In December 2011 Price took control of investing the bank’s capital.


27 posted on 01/01/2014 2:17:16 PM PST by Broker (Never submit!)
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To: Broker

Rep. Greg Morris still chairs Georgia’s house banking committee! Amazing. He certainly has distinguished record for lack of oversight as a board member of the plundered and failed Montgomery Bank & Trust.
Price’s preliminary hearing is 10AM today. Wonder if he acted alone?


28 posted on 01/02/2014 3:53:36 AM PST by Tugo (POTUS = Marxist)
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To: Lazamataz
Banker accused of taking $21M, faking death due in court Atlanta Business Chronicle - ‎8 minutes ago‎ The south Georgia banker accused of bilking his bank and investors out of more than $21 million and then faking his death, is due in court in federal court in Brunswick Thursday morning. Aubrey Lee Price, 47, was arrested Tuesday during a traffic stop on ... Banker declared legally dead arrested in Georgia Fox News - ‎13 minutes ago‎ Authorities say a bank director accused of losing millions of investors' dollars before vanishing last year told law enforcement his family didn't know he was still alive. Aubrey Lee Price was arrested Tuesday on Interstate 95 in Brunswick. He had disappeared ... 'Dead' banker nabbed Bayoubuzz - ‎14 minutes ago‎ Aubrey Lee Price, 47, was arrested on Tuesday after Glynn County sheriff's deputies stopped him on Interstate 95 in Brunswick, Ga. , and discovered his identity, NBC station WXIA of Atlanta reported. Heavily tinted windows in a 2006 Dodge Ram pickup truck ... 'Dead' banker arrested on $21M fraud charges in Georgia New York Daily News - ‎9 hours ago‎ He's back from the dead and federal authorities are delighted to see him. A banker wanted for $21 million wire fraud who fooled many into believing he had committed suicide in 2012 has been arrested in south Georgia. Authorities say Aubrey Lee Price, 47, ... NEW INFO: Lyons Banker on Run Since 2012 Arrested WSAV-TV - ‎10 hours ago‎ Aubrey Lee Price, 47, is accused of embezzling more than $21 million dollars from Montgomery Bank & Trust in Ailey. According to the Indictment against Price, his investment group invested approximately $10 million dollars in the failing bank in 2010. 'Dead' banker arrested in $21 million fraud charges WHAS 11.com (subscription) - ‎10 hours ago‎ Aubrey Lee Price, 47, was stopped while driving on I-95 in Glynn County, Ga., on Wednesday for a tinted window violation, according to police. Officers said that it was clear Price was giving them false information during the stop, and were soon able to ... Victims relieved after bank director arrested in south Georgia WSB Atlanta - ‎13 hours ago‎ Aubrey Lee Price, 47, a south Georgia bank director accused last year of defrauding his bank and clients in his money management business, has been arrested in Brunswick, federal authorities said Tuesday. "This is a great, great way to start out the New ...
29 posted on 01/02/2014 3:54:59 AM PST by Tugo (POTUS = Marxist)
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To: Tugo

Any Reporting from 10AM Prelimenary hearing this Morning?


30 posted on 01/02/2014 10:04:23 AM PST by Tugo (Walking by faith)
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To: Tugo

They state he was “homeless”. I doubt that. He must have had enablers


31 posted on 01/02/2014 2:16:54 PM PST by Broker (By faith)
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To: Tugo

They state he was “homeless”. I doubt that. He must have had enablers


32 posted on 01/02/2014 2:16:57 PM PST by Broker (By faith)
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To: Tugo

They state he was “homeless”. I doubt that. He must have had enablers


33 posted on 01/02/2014 2:17:06 PM PST by Broker (By faith)
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To: Broker

Yeah, who cares?


34 posted on 01/02/2014 7:12:02 PM PST by Tugo (O5)
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