‘Dead’ banker to appear before judge Wednesday
The runaway South Georgia bank director indicted on charges he embezzled more than $21 million from his bank is scheduled to appear before a federal magistrate judge in Statesboro on Wednesday morning for an arraignment and bond hearing.
Aubrey Lee Price, 47, is accused of bank fraud involving the failed Montgomery Bank & Trust in tiny Ailey, Ga., 170 miles southeast of downtown Atlanta. He is also accused of defrauding clients in his investment advisory business of many millions of dollars more.
Price is separately under indictment in New York on a federal wire fraud charge.
Price, who was missing for 18 months after suggesting he was going to kill himself by jumping off a South Florida ferry boat, was captured on New Year’s Eve. He was arrested near Brunswick following a traffic stop for having too much window tint on the vehicle he was driving. Federal authorities are also trying to determine if Price is involved in a marijuana grow house near the city of Ocala, Fla.
About the Author
J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.
