Former banker who faked death, scheduled for sentencing - WALB.com, South Georgia News, Weather, Sports

Former banker who faked death, scheduled for sentencing

Aubrey Price Aubrey Price
STATESBORO, GA (WALB) - A former Georgia banker and preacher is scheduled to be sentenced this morning in Statesboro after pleading guilty to embezzling millions of dollars from clients.

Aubrey Lee Price was captured in December of 2013 and has been serving in federal prison since. 

Price is charged with bank, securities, and wire fraud which could possibly land him a maximum of 30 years behind bars.

His plea deal also calls Price to pay 51 million dollars in restitution to his former clients at Montgomery Bank and Trust.

This all unraveled back in 2012 when the 47 year-old was living in Valdosta. Court documents say after Price became director of MB&T he stole, misappropriated and embezzled over 20 million from the bank in the span of 18 months.

Investigators say in efforts to conceal his tracks, Price gave fake account statements that indicated the bank's capital was safe. This later resulted in the bank's cash assets and reserves depletion.

In June of 2012 the former preacher was last seen getting on a ferry in Florida bound for Fort Myers. Price vanished after writing suicide letters, he said it was because of the money he has lost.

After faking his death he was on the run for 18 months until his capture in December of 2013.

There were bizarre events that took place during the time was in hiding, in an interview with Esquire he explained his involvement with cage fighting, prostitutes and South American drug dealers.

Price is expected to be in Federal Court Tuesday morning at 9 am in Statesboro.

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