Fugitive banker wanted for fraud caught

Combination photo shows Aubrey Lee Price pictured in an undated photo courtesy of the FBI (L) and in an undated booking photo courtesy of the Glynn County Sheriff's Office (R). Credit: Reuters
Combination photo shows Aubrey Lee Price pictured in an undated photo courtesy of the FBI, left, and in a booking photo courtesy of the Glynn County Sheriff’s Office. Credit: Reuters

A former Georgia bank director who left a suicide note and vanished while under suspicion of embezzling $21 million has been captured 18 months after he disappeared.

Sheriff’s deputies arrested Aubrey Lee Price, 47, during a traffic stop on Interstate 95 near Brunswick, Ga., on Tuesday after noticing the windows of his Dodge pickup appeared to be tinted too darkly to comply with state law, Glynn County Sheriff E. Neal Jump said.

Price disappeared soon before his indictment in Georgia on one count of bank fraud in July 2012 and left behind a written confession and a note for family and friends saying he planned to kill himself, authorities said.

When he was discovered earlier this week, he had several identification cards in his truck and failed to say which one correctly identified him, Jump said.

“The gentleman’s story just didn’t add up,” the sheriff said.

Price was charged with giving false information and taken to jail, where he told authorities his correct name, Jump said.

At a federal court hearing on Thursday, a U.S. magistrate judge ordered Price to remain in police custody until a detention hearing set for Monday in Savannah, court records showed.

A U.S. marshal told the judge that Price said he was homeless and lived as a migrant worker, accepting cash for odd jobs, the Atlanta Journal-Constitution reported.

The bank fraud charge carries a maximum sentence of 30 years in prison and a $1 million fine.

Price previously controlled an investment group that put $10 million into Montgomery Bank & Trust, a small bank in Ailey, Ga., according to the federal indictment.

After being named a bank director, he “fraudulently obtained over $21 million of MB&T funds, which he then misappropriated, embezzled and lost in speculative trading and other investing,” the indictment said.

In an effort to hide the fraud, Price provided bank officials with fabricated account statements, the indictment said. Regulators later shut down the bank’s two branches.

He was indicted in New York last year on securities and wire fraud charges connected to the scheme.

Before his arrest on Tuesday, Price was last seen boarding a ferry in Key West, Florida, in June 2012. Investigators at the time speculated that he either committed suicide or fled to Venezuela.

The FBI had put him on the agency’s Most Wanted list and continued to search for him.

Price’s wife believed he was dead, her attorney said on Thursday. She asked a Florida judge to declare her husband deceased last year for estate planning purposes and now will seek to have the declaration set aside, lawyer John Holt said.

Rebeka Price does not know where her husband spent the last 18 months, Holt said.

“She’s been completely in the dark,” the lawyer said.


News
Entertainment
Sports
Lifestyle
Local

Easter 2014: The year's best bonnets

It's Easter, and that means it's time for Fifth Avenue to turn into a veritable catwalk of bonnet-wearers. The annual march, which kicks off at…

Local

Woman arrested for attempted kidnapping of baby in…

Authorities said that a Queens woman behind an attempted kidnapping of an 8-month-old baby boy was arrested on Saturday.

Local

Hate crime charge in attack on Sikh Columbia…

A man has been arrested and charged with a hate crime after he allegedly pulled the beard of a Sikh Columbia University professor as part…

Local

NYPD arrest man after finding body inside plastic…

Police said they found a man stuffed inside a plastic container in a Brooklyn home. Authorities arrested Joshua Simser, 24, in connection to the death

Television

Discovery cancels 'Everest Jump Live' special in wake…

The Discovery Channel has indicated it will not be moving forward with "Everest Jump Live," a planned special about mountain climber Joby Ogwyn's effort to…

The Word

'X-Men' director Bryan Singer drama continues

  News broke late last week that "X-Men" and "The Usual Suspects" director Bryan Singer is being sued by a man who said Singer molested…

The Word

Miley Cyrus cancels more dates, tweeting from hospital

Miley Cyrus is reportedly so sick that she's had to postpone more tour dates. We know this because she has been sitting in a hospital…

Music

Loop are, er, um, back in the loop

Experimental noise rock band Loop's three mid-1980s to early-1990s albums, “Heavens End,” “Fade Out” and “A Gilded Eternity,” were mercifully reissued.

NHL

Rangers blow two-goal lead in Game 2 loss…

The Rangers got out to an early 2-0 lead in Game 2 and the Garden was rocking. But it went downhill quickly from there.

NBA

Deron Williams leads Nets over Raptors in Game…

The Nets traveled to a raucous Air Canada Centre but came out with an important Game 1 victory over the Raptors.

NBA

Carmelo Anthony agonizing over Knicks future as season…

There’s still the cloud hanging over the franchise’s head as to the pending free-agent status of All-Star forward Carmelo Anthony.

NFL

Jets host players with eye toward NFL Draft

The Jets hosted a number of NFL Draft hopefuls for workouts on Thursday, with an eye toward some under-the-radar players.

Travel

Packing: The one thing you need in your…

A new survey that looks at the travel habits of 50,000 people around the world has revealed that Western and Asian globetrotters have different priorities…

Home

Is your chair making it hard to talk?

Ever wished there was an office chair that could make impromptu meetings and discussions more private? The Cristiana Wing Chair is an asymmetrical armchair which…

Travel

Live large at these luxury hotels

From Thai boxing lessons and macabre Dracula tours to the Australian Outback, the Four Seasons hotel chain launched a series of new travel packages this…

Parenting

4 things that every summer camp should have

Alan Saltz, director of the 92nd street Y program lists things that every summer camp should have.