Local
12:32 pm
Fri January 3, 2014

Previously Declared Dead, Banker Arrested After Traffic Stop

Investment banker Aubrey Lee Price was wanted for embezzling millions of dollars; he subsequently disappeared and was declared dead.
Investment banker Aubrey Lee Price was wanted for embezzling millions of dollars; he subsequently disappeared and was declared dead.

  It sounds like the perfect script to a Hollywood movie.

An investment banker wanted for embezzling millions of dollars, disappears and is declared dead.

But as Rose Scott reports, a routine traffic stop ends the saga.

It was the dark tint on Aubrey Lee Price’s 2001 Dodge Ram pick-up truck that sparked suspicion.

“Once we really found out the identity of him, it was like, gosh this is good”

Price was pulled over my deputies in Brunswick, Georgia.

Glynn County, Georgia sheriff E. Neal Jump says the 47-year old Price 'fessed up and admitted he was a wanted man.

“Once he got to the jail, he was given the opportunity to come forth one more time with honesty and at that time said this is who I am.”

No one seems to know where the former banker has been hiding for the past 18 months.

He vanished in June of 2012.

The next month, he was indicted on charges of securities and wire fraud of 21-million dollars from a bank in Ailey, Georgia.

The southeastern town barely has a population of five hundred.

Surveillance video showed him in Key West, Florida.

Price left a 25-page confession of his financial crimes.

He listed clients that he swindled and even left details to assets that could be used to recover money he embezzled.

He mentioned colleagues by name who he says had no idea of his deceit.

Although apologetic, Price likened himself to biblical figures such as Sampson, Adam and Eve and Noah.

He wrote, “I pray with my last breath that God would have mercy and grace on the clients that I have hurt.”

That and other references indicated death by suicide was forthcoming.

A Georgia judge actually declared Price dead.

Page Pate, a federal criminal defense attorney says despite perceived suicidal suggestions, authorities didn’t buy that the banker had died.

“This has happened in other cases, I mean we’ve seen people who were charged crimes, who tried to flee and fake their own death, pop back up in a later time and so the FBI was understandably a little skeptical.”

When arrested, Aubrey Lee Price’s hair was darker, longer and he sported a goatee.

That was quite different from earlier pictures of a clean-shaven, suit-wearing investment banker who now sits in a jail cell awaiting the FBI and U.S Marshals.