Banker who faked death sentenced to 30 years

Banker who faked death sentenced to 30 years

STATESBORO, GA (WALB) - A former Georgia banker and preacher who pleaded guilty to embezzling millions of dollars from clients was sentenced to 30 years in prison.

Lee Price was sentenced by a federal judge in Statesboro Tuesday.

Price pleaded guilty in June to bank, wire and securities fraud as part of a deal with prosecutors that calls for a maximum of 30 years in prison.

He also agreed to pay $51 million in restitution for bank and investor money that he lost.

Price disappeared in June 2012, leaving rambling notes saying he planned to jump off a ferryboat. He was captured during a traffic stop on December 31, 2013 and has been in federal prison since.

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