U.S. News


Missing Banker Accused In Investment Scheme Found In Georgia

A former banker accused of faking his own death to cover up a multi-million dollar investment scheme was arrested after a year-and-a-half on the run.
Posted at 9:55 AM, Jan 02, 2014

A former Georgia investment banker accused of faking his own death to cover up a multi-million dollar investment scheme was arrested Tuesday after a year and a half as a fugitive.

Aubrey Lee Price was taken into police custody after he was pulled over on Interstate 95 in Brunswick, Georgia during a routine traffic stop. (Via CNN)

The Florida Times-Union reports sheriff's deputies stopped Price because of the heavily tinted windows on his pickup truck.

The officers say Price had several different means of identification with different photos and arrested him "basically because he was a John Doe." (Via WAGA)

But it wasn't until they took Price into custody that they discovered he was wanted in connection with the theft of millions of dollars.

"I cannot believe he had the nerve to hide out so close to home, number one, especially after so many people's lives were impacted." (Via CBS)

According to the FBI, he was accused of moving $21 million into different accounts between January 2011 and June 2012 to cover up the money he stole when he was a director of a southern Georgia bank.

Price reportedly told some acquaintances in a letter that he had lost a lot of money and was going to throw himself off a ferry in Key West, Florida. (Via WTLV)

He was last seen boarding that ferry on June 16, 2012. Less than two weeks later, Price was charged with wire fraud, and police issued a warrant for his arrest. (Via FBI)

But now that he has been captured, Price must face the consequences he ran from for so long.

He's due in court Thursday in Brunswick, Georgia, where he's been charged with one count of bank fraud. If convicted, he could spend a maximum of 30 years behind bars. (Via WAWS)

Price also faces additional charges in New York.