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MISSING Aubrey Lee Price and $17 Million bank deposits - banker owner

So how does a person get up in the morning and then fake a suicide? And if a body is not is found, how do authorities prove it was a fake death? Well, the story goes that Mr. Price left behind a suicide note in which he admitted his evil deeds.

“I created false financial statements and defrauded investors, regulators, other work associates and bank employees,” Price wrote.

And then the suicide artiste went on to say that he planned on jumping off a ferry that was headed toward Fort Myers, Florida. But before he hopped over the rail of that ferry, or not, a complaint was issued against the missing Mr. Price by the US District Attorney’s Office for the Eastern District of New York.

The complaint alleges that Aubrey Lee Price bought a controlling interest in a southern Georgia bank through a sham outfit he set up, PFG LLC. This move gave him access to investors’ accounts where he then fraudulently wired bank funds to accounts he controlled at other financial firms. He then tried to cover his tracks by providing bank management with bogus documents to make it look like he invested the loot in Treasuries. Since his note was found the U.S. Coast Guard has yet to turn up a body, and authorities believe it was bogus.

 

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LIBOR MANIPULATING why it matters "A cesspit. Paul Tucker deputy governor of the Bank of England

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LIBOR MANIPULATING

LIBOR the London Inter Bank overnight rate -  the world wide short term lending and floating rate lending rates are based off of LIBOR, it effects credit card, rates, student loans, corporate loans, commercial loans and bank lending rates in America and World wide.

"A cesspit." That's how the usually measured Paul Tucker, deputy governor of the Bank of England, described banks' attempts to manipulate the London interbank offered rate, or Libor.

Faced by a throng of sound-bite-hungry British Parlamentarians, on Monday Mr. Tucker did a convincing job of rebuffing allegations that the authorities had put pressure onBarclays BARC.LN +2.69% PLC to manipulate Libor, the world's most important interest rate.

Mr. Tucker may, in the process, have saved his chances of taking the helm at the British central bank (but more on that later) while providing a pithy description of the scandal.

Not as pithy, mind you, as the oft-stated "no jerks" policy espoused by Robert Diamond before he was ousted as Barclays' chief executive over the Libor mess. Unfortunately, some derivatives traders and interest-rate setters at the U.K. bank never got Mr.Diamond's message.

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