Price vanished in
Price cut a plea deal with prosecutors that called for a maximum of 30 years in prison and in exchange for his guilty pleas to three fraud counts. Price also agreed to pay tens of millions in restitution for bank and investor money that he lost, despite having convinced the court to appoint him a lawyer because he had no money to hire one.
Price gave rambling speech in front of the judge in which he acknowledged responsibility but also blamed other managers at the bank for its collapse. Still, he pledged to help recoup money, and officials say he is cooperating with their efforts to collect restitution.
"These clients that are here today, and those who are not here, it's important for them to understand I'm trying my best to help them get their money back," Price said in court.
"I don't think we'll ever see a dime, but I think it's appropriate," Price said of the sentence.
At his plea hearing
He said his flight from the financial mess left him depressed. He said he tried smoking marijuana and methamphetamine and had tasted cocaine, but mostly self-medicated with the prescription amphetamine Adderall. Price said he also adopted at least five aliases, including
He worked odd jobs and performed migrant labor, according to accounts Price gave authorities when he was arrested.
The plea agreement settled federal charges pending against Price in
A federal receiver appointed to recoup money for Price's investors reported
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