It had a tower, moat, drawbridge, glass elevator, bowling alley, swimming pools and an indoor shooting range with bank vault doors. In Billings, he lived with his family in the area’s largest home:a 26,000-square foot, 10-bedroom stone castle. The money supported an extravagant lifestyle. In one scheme, he convinced a Wyoming firm called Three Blind Mice to lend 3 Solutions $7.5 million for a contract that did not exist. Price was responsible for the fraudulent activity.
SIGNAL VAULT LAWSUIT SERIES
Hanson as the mastermind behind a series of schemes to defraud investors at two separate companies, as well as Signal Peak itself, of more than $20 million. Price operated a private business called 3 Solutions, which supplied Signal Peak with industrial chemicals.Īt his trial, Mr. Price rose through the ranks to become vice president in charge of surface operations, a position that brought him in close contact with Signal Peak’s new chief executive, Bradley Hanson.
Price, who had worked mining jobs in the coal fields of Southwest Virginia, took a job with Signal Peak in 2009. Signal Peak embarked on an intensive method of digging coal from the ground, known as longwall mining, in which miners systematically mine coal from panels of earth several miles long and hundreds of feet wide Two years later, the Gunvor Group, an oil and commodities trading firm registered in Cyprus, assumed a stake in the company. 1 coal mine for $125 million and renamed it Signal Peak Energy. Then, in 2008, the Boich Companies, run by the Ohio-based billionaire Wayne Boich, and FirstEnergy Corp, one of the nation’s largest investor-owned utilities, bought the Bull Mountains No. But after booming through the 1960s, mining in the region declined precipitously. Miners have dug for coal in the outcrops of the Bull Mountains, a range of grasslands and sagebrush in southern Montana crisscrossed by cattle trails, since the late 1800s. As he later admitted in court, he had staged his own kidnapping, a last-ditch attempt to escape investors’ wrath for embezzlement schemes totaling more than $20 million that he’d hatched with the president of the Montana coal mine.
When surveillance cameras showed there hadn’t been a robbery, he changed his story, saying that the gang had asked him for coal train schedules for a scheme to traffic methamphetamines by rail. He told investigators he had been abducted by an outlaw biker gang that drugged him and took him to his motorcycle shop where they robbed him before loading him into a van and dumping him on the roadside.
SIGNAL VAULT LAWSUIT DRIVER
Price about their money.Īs night fell, a driver traveling along a state road some 20 miles away from Bluefield noticed a man on the roadside: a disheveled Mr. Recently, some of them had confronted Mr. And he had promised several investors big returns in coal.
He also ran a motorcycle shop, Hawg Pit Cycles, that traded used Harley-Davidsons. Price, a 42-year-old father of six, was an industrious businessman who ran surface operations at an underground mine, one of the nation’s largest, near Roundup, Mont. Price’s white Mercedes at a deserted parking lot. Police scoured Bluefield, a town of less than 10,000 people nestled in the Blue Ridge Mountains, and soon discovered Mr.
on April 18, 2018, Amy Price, the wife of the coal executive Larry Price Jr., called the police in Bluefield, Va., to report her husband missing.
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