In July, former motivational speaker and self-help guru James Arthur Ray was released from prison, having served 20 months following the deaths of three people at an Arizona sweat lodge he was supervising.

Joining "Piers Morgan Live" for an exclusive interview, the 56-year-old who was convicted of three counts of negligent homicide admitted to some of his personality flaws:

"Was I arrogant? Yes. I have that characteristic, I can be arrogant. And I think there's a lot of hubris that comes in my former business. You know, people flying all over the world and asking me how to have a better life," explained Ray. "It tends to go to your head. You know? You tend to think you've got all the answers, and so you get humbled."

Routinely expressing remorse for those that were injured or perished in the incident outside Sedona, Ariz., Ray also admitted to fleeing almost immediately after he realized he might be facing trouble:

"Within the first five minutes, the detective told me that they were investigating it as a homicide, and I was already in shock. And I was like 'what?'" he told Piers Morgan. "I called my lawyer, and my lawyer said 'get out of there.' I told him what the detective said, he said 'get out of there.' They'd seized my room, there was nowhere to go. And so I left. And again, there's many things I wish in retrospect I could do differently, but I was scared."

Watch the clip for more of Morgan's interview with James Ray, and for the next edition of "Piers Morgan Live," watch CNN every night at 9.

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