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Larry Price mansion

Larry Price's mansion is shown near the Ironwood subdivision on Tuesday.

That Billings mansion owner who lost the biggest home in the community to creditors while being charged in Virginia with lying to the FBI? He’s now been sued by MY Company, a business owned by a convicted felon.

MY Company and P&H Trucking filed suit last week over $6.2 million loaned to Larry Wayne Price Jr. Yellowstone County District Court processed the lawsuit last Friday.

Price is the man behind the largest house ever built in Billings, a 10-bedroom, 15-bathroom castle with three pools and an elevator on Billings’ far West End. Three Blind Mice, LLC are the creditors which claimed the title to the $10.5 million home May 7.

One of the men behind MY Company is Kevin McGovern, convicted last year in a large corruption case involving federal programs and the Chippewa Cree Tribe. McGovern and Billings businessman Christopher Yochum are listed as manager/members of MY Company, which loaned Price $5.2 million in May 2017. There is no mention about what the loan was for, only that Price refused to pay it back.

The loan came weeks before McGovern was sentenced to two years in federal prison for multiple convictions including wire fraud and theft in a conspiracy to defraud federal and tribal governments. Fines and restitution for McGovern and his two companies CMG Construction and MC Equipment Holdings LLC totaled $4.66 million.

McGovern later sold CMG's assets to Oroco Capital. CMG is no longer affiliated with McGovern.  

P&H Trucking lists Yochum and CM Ventures LLC, which shares a home address with McGovern, as manager members. The attorneys who filed the lawsuit against Price, Harlan Krogh and Edward Nord, did not return calls Monday. The trucking company loaned Price $1.33 million at an undisclosed time for undisclosed purposes.

In a separate lawsuit earlier this month, Three Blind Mice LLC, a Wyoming company, Casper doctors Robert Schlidt and Raoul Jourbran, and Billings entrepreneur Stephen Casher filed an $11 million claim against Price. Contracts filed with the lawsuit indicate the money was for coal cleaning equipment to be installed for a mine and a steel company back East.

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Larry Price Jr. made national news after he was taken into custody May 10 for allegedly lying to FBI agents about his staged abduction. Price’s disappearance sparked a manhunt complete with search dogs and helicopters after his white Mercedes with Montana license plates was located at a park-and-ride in Tazwell County, Virginia. Price's wife, Amy, had reported his disappearance.

Price told two stories of abduction that the FBI debunked — one in which members of the Pagan motorcycle club had asked for coal train schedules because they wanted to ship methamphetamine by rail.

A woman later told FBI agents she and Price had planned to disappear together. Price was found not far from a home the woman told the FBI she had arranged for him to stay in.

A driver found Price the night of his disappearance on the side of the road. The 38-year-old businessman with holdings ranging from restaurants to coal had $3,774.49 in his pocket.

Price was released from federal custody May 17 after posting $500,000. He’s been told to stay away from the Pagans.

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Agriculture and Politics Reporter

Politics and agriculture reporter for The Billings Gazette.