Georgia Investment Advisor Agrees to Plea Deal

By: Associated Press Email
By: Associated Press Email

Robbery

News Release:Associated Press
UPDATE
June 4, 2014

SAVANNAH, Ga. (AP) -- In the past two years, a former investment adviser in Georgia has been a fugitive wanted on bank fraud charges, declared dead and captured alive.

Now it looks like his strange criminal case is coming to an end.

A federal prosecutor said in court Tuesday that 47-year-old Aubrey Price has agreed to a plea deal. A hearing is scheduled Thursday.

Price vanished in June 2012 after prosecutors say he lost millions of dollars belonging to investors and the Montgomery Bank & Trust. He wrote letters hinting he had committed suicide.

Six months after his disappearance, a judge declared Price dead at his wife's request. Price turned up during a traffic stop on New Year's Eve and has been in jail awaiting trial ever since.

Price's attorney declined to comment.


News Release:Associated Press

MIAMI (AP) -- A Georgia investment adviser already accused of stealing millions of dollars before vanishing for 18 months is facing new charges in Florida.

Miami federal prosecutors say 47-year-old Aubrey Lee Price of Valdosta, Georgia, sent a letter in June 2012 indicating he would commit suicide by jumping from his boat off Naples, Florida. The letter resulted in the Coast Guard responding unnecessarily to a false distress call, a federal crime.

The charge carries a maximum six-year prison term.

Price is jailed in Georgia awaiting trial for allegedly embezzling $17 million from investors. He is also charged in New York with securities and wire fraud.

Price was arrested last New Year's Eve on Interstate 95 in Georgia by a sheriff's deputy who thought his truck's windows were tinted too dark.


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