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

Brooklyn man charged in roommate's stabbing death

A Brooklyn man accused of violently stabbing his roommate to death on Monday is in police custody and faces murder charges.

International

Dinosaurs could have survived asteroid strike

It turns out there is a good and a bad time for the planet to be hit by a meteor, and dinosaurs were just unlucky.…

National

OkCupid admits to Facebook-style experimenting on customers

By Sarah McBrideSAN FRANCISCO (Reuters) - OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on…

Local

MTA fares still increasing 4 percent in newly…

The agency said the 4 percent increases, previously announced in December, will remain steady even as the MTA deals with increasing labor costs.

Movies

Interview: Brendan Gleeson on the way 'Calvary' depicts…

Brendan Gleeson talks about how his new film "Calvary" began over drinks and how his character here is the opposite of the lead in "The Guard."

Movies

'Get on Up' producer Mick Jagger on the…

Mick Jagger, a producer on the James Brown biopic "Get on Up," talks about the time had to tell the singer some bad news and his favorite JB record.

Television

'Glee' star Lea Michele to appear on 'Sons…

"Glee" star Lea Michele has been confirmed as a guest star in the final season of "Sons of Anarchy."

Television

TV watch list, Monday, July 28: 'The Bachelorette'…

See Andi Dorfman make her big choice on tonight's 'Bachelorette' finale.

MLB

Angelo Cataldi: Ryan Howard deserves better from Phillies

Just last week, Ryan Howard endured the embarrassment of a benching that was inevitable, and yet still shocking.

NFL

Larry Donnell has inside track in Giants tight…

Little-known Larry Donnell of Grambling State currently has the inside track, as the second-year player has received the bulk of the first-team reps.

NFL

Computer to Jets: Start Michael Vick over Geno…

Jets general manager John Idzik says the choice of who starts between second-year quarterback Geno Smith and veteran Michael Vick will be a “Jets decision.”

MLB

Yankees looking to trade for Josh Willingham: Report

CBS Sports’ Jon Heyman reported Sunday the Yankees are interested in Twins outfielder Josh Willingham.

Travel

Glasgow: Hey, hey, the gangs aren't here

This European city has done a good job getting rid of its more violent residents and revitalizing with artists.

Education

Babson College tops list of best colleges for…

Money magazine has just released its inaugural list of "The Best Colleges for Your Money" -- and the answers have surprised many. Babson College, which…

Education

NYC teens learn how to develop apps during…

Through a program sponsored by CampInteractive, the high schoolers designed their own community-focused apps.

Tech

The Ministry of Silly Walks app is both…

Monty Python have dug into their back catalogue for cash-ins once more, but with the Ministry of Silly Walks app, they've made something that's fun too.