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Banker sends confession, vanishes near Key West
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| Contributor | RP |
| Last Edited | RP Jul 11, 2012 11:53am |
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| Category | General |
| Author | KATE BRUMBACK |
| News Date | Wednesday, July 11, 2012 01:25:00 PM UTC0:0 |
| Description | After penning a rambling letter to financial regulators and writing notes to his family, a south Georgia bank director boarded a ferry in Key West, Fla., and disappeared.
Now local and federal investigators are trying to determine whether Aubrey Lee Price killed himself, as his lengthy letter — which they've described as a confession — would have them believe, or whether he slipped away with $17 million of investors' money. His family has told authorities they believe he's dead, but federal investigators aren't so sure and have offered $20,000 for information leading to his arrest.
The FBI and federal prosecutors say Price embezzled $17 million in bank funds. The Securities and Exchange Commission has filed a complaint in federal court in Atlanta saying he defrauded investors. The Federal Deposit Insurance Corp. on Friday said it seized Montgomery Bank & Trust. |
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