Aubrey Lee Price, Wanted Banker Thought Dead, Arrested in Traffic Stop

Thursday, 02 Jan 2014 02:54 PM

By Michael Mullins

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Aubrey Lee Price, a Georgia banker who vanished in 2012 after allegedly embezzling $21 million from investors, was arrested by police on Tuesday during a traffic stop on Interstate 95 near Brunswick, Ga.

In July 2012, Price disappeared shortly before he was indicted on one count of bank fraud, after which he left behind a hand-written confession and a note for family and friends that said that he was planning on killing himself, Reuters reported.

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In the suicide note, Price wrote, "I shame my God" and "I do not deserve a funeral," CNBC News reported. Though he was officially ruled dead by a judge, the FBI reportedly continued to pursue him.

The 47-year-old Price was pulled over Tuesday for the windows on his Dodge pickup being too dark, according to Glynn County Sheriff E. Neal Jump. Several different identification cards were recovered from his vehicle. When asked what his actual name was, Price refused to tell the patrolman, Jump added.

"The gentleman's story just didn't add up," the sheriff told Reuters.


After being taken to jail, where he was booked on giving false information, Price reportedly told authorities his real name.

Price was subsequently released to the custody of a U.S. Marshall, who accompanied him to a federal court hearing in Savannah, Ga., on Thursday. He was ordered to remain in police custody until his detention hearing, which is scheduled for Monday, the Atlanta Journal-Constitution reported.

Price was apparently homeless at the time of his arrest. He got by as a migrant worker and by accepting odd jobs, the U.S. Marshal told the judge at the hearing, according to the AJC.

Having overseen a $10 million investment by Montgomery Bank & Trust, the federal indictment against Price stated that 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."

Prior to his apprehension this week, Price was last seen boarding a ferry in Key West, Fla., where he had suggested he would take his own life, the AJC noted.

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