All The Coal Kids Are Doing It: Larry Wayne Price Jr.
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This episode of Ridiculous Crime dives into the absurdly extravagant and criminally dubious life of Larry Wayne Price Jr., a Montana coal industry executive who embezzled $20 million from three coal-related companies to fund his dream of owning a 30,843-square-foot, 70-acre 'dream castle' in Billings, Montana. The house, complete with a moat, bowling alley, indoor shooting range, and multiple kitchens, was listed for $26.9 million—far beyond the reach of most. When investors began demanding repayment, Price fled to Virginia, faked his own kidnapping by claiming he was abducted by outlaw bikers from the Pagans gang, and even fabricated a story involving meth trafficking via coal trains. His lies unraveled when security footage contradicted his tale, and a local waitress revealed he had planned to run away with her using stolen money. Price was arrested, convicted, and sentenced to five years in prison, but the episode questions whether such punishments truly deter future corruption in industries already rife with criminality. The story exposes a culture where embezzlement, environmental violations, and international money laundering are treated as business costs rather than crimes. The episode uses dark humor and vivid storytelling to highlight the absurdity of Price's grandiose lifestyle and even grander lies, while also drawing broader parallels to systemic corruption in the extractive industries. It critiques how powerful figures in energy sectors can operate with impunity, often shielded by shell companies, foreign ownership, and weak enforcement. The hosts emphasize that the dream castle remains on the market, suggesting that the ultimate 'crime' may not be the theft itself, but the normalization of such excess and deceit. The narrative arc moves from fascination with the house’s ridiculous features, to shock at the scale of the fraud, to skepticism about whether justice was truly served.
Embezzlement and corruption in extractive industries are often treated as routine business costs, not crimes.
The dream home was a symbol of unchecked ambition and a cover for financial fraud.
Lies about being kidnapped by outlaw bikers were so elaborate they included fake gang affiliations and meth trafficking schemes.
The feds and investors were able to expose the fraud through surveillance footage and witness testimony.
Prison sentences may not deter future crimes if they're seen as a manageable cost of doing business.
…and 3 more takeaways available in PodZeus
The Dream Castle That Cost $27 Million
“This place has a personal and commercial elevator, like for your deliveries, I suppose, or maybe for your staff.”
The Man Behind the Mansion: Larry Wayne Price Jr.
The hosts introduce Larry Wayne Price Jr., a 42-year-old father of six and coal mining executive who worked for Signal Peak Energy. They detail his background, his motorcycle shop Hog Pit Cycles, and his role in the extractive industries.
The Corruption at Signal Peak Energy
“It takes money to make money. Now, that's not me saying that. That's the Department of Justice.”
The $20 Million Embezzlement Scheme
“He planned to make money on this deal, and he's like, oh, I'll cut you in. Sure.”
The Fake Kidnapping and the Biker Lie
“He said they left him there on the side of the road alone and they drove off. The FBI agents nod and then they say, okay, let's start again at the beginning.”
“Prison sentences may not deter future crimes if they're seen as a manageable cost of doing business.”
“The question for me is... Will that prison sentence be enough to dissuade any future Larry Waynes from attempting similar schemes? Absolutely not.”
“He said they left him there on the side of the road alone and they drove off. The FBI agents nod and then they say, okay, let's start again at the beginning.”
Hosts
Signal Peak Energy
organization
Larry Wayne Price Jr.
person
Three Blind Mice LLC
organization
FBI
organization
90M LLC
organization
New York Times
media
Hog Pit Cycles
organization
Bradley Hanson
person
Parker Phipps
person
Gunver Group
organization
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