Plea deal awaits GA banker who lost clients' $21M - WALB.com, South Georgia News, Weather, Sports

Plea deal awaits GA banker who lost clients' $21M

RUSS BYNUM, Associated Press

STATESBORO, Ga. (AP) - A federal prosecutor says a plea deal has been reached with a former southeast Georgia banker who vanished for a year and a half after losing $21 million of his investors' money.

Assistant U.S. Attorney Brian Rafferty told a judge Tuesday in Statesboro that prosecutors "have a plea agreement in place" with 47-year-old Aubrey Lee Price, who faces trial June 23 on bank fraud charges. A plea hearing is scheduled for Thursday.

Prosecutors say Price misspent, embezzled and lost $21 million and faked financial records to cover his tracks before he disappeared in June 2012. Price left a suicide note and was later declared dead in Florida.

He was arrested last December during a traffic stop on Interstate 95 in coastal Georgia.Price's attorney, Joshua Lowther, declined to comment.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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