Paging Mr. Price, Mr. Aubrey "Lee" Price to the white courtesy phone please
From
CNN:
Feds: Georgia banker missing, so is $17 million
A Georgia banker who went missing last month is being sought by federal authorities for allegedly embezzling millions of dollars from a south Georgia bank.
Aubrey "Lee" Price, 46, is charged with wire fraud, and is suspected of defrauding more than 100 investors of at least $17 million over the course of two years, a criminal complaint from the U.S. attorney's office in the Eastern District of New York, said.
In late 2010, Price was celebrated by his peers and written up in newspaper articles after a company he controlled bought a controlling portion of the troubled Montgomery Bank & Trust in Ailey, Georgia. He was supposed to invest the bank's capital. Instead, prosecutors say Price used a New York-based "clearing firm" -- a dummy company set up to hide money -- to cover up fraudulent wire transfers and investments.
Montgomery Bank & Trust in Ailey -- about 170 miles southeast of Atlanta -- had been in operation for nearly 90 years when it was closed Friday by the state of Georgia, with the U.S. Federal Deposit Insurance Corporation named as receiver. The FDIC said Ameris Bank in Moultrie, Georgia, would take over operations of Montgomery's accounts and its two branches.
As I was reading this I was thinking that he would be stupid to still be in this country -- the article went on to say this:
But federal investigators, including the FBI, believe Price, who owns property in Venezuela and Guatemala, may be on the run. FBI Special Agent Michael Howard said in the complaint that investigators believe Price "may own a boat that would be large enough to travel to Venezuela from Florida."
And this:
Prosecutors say airline records indicate Price had returned to the United States from a trip to Venezuela on June 2.
Premeditated
Posted by DaveH at July 9, 2012 7:29 PM