Forty-seven year Aubrey Lee Price of Valdosta entered guilty pleas to securities and wire fraud from New York and bank fraud from Georgia in U.S. District Court in Statesboro Thursday. By entering the plea he faces a maximum of 30 years in prison. If he had gone to trial he could have been sentenced to hundreds of years behind bars. He must also pay $51million in restitution.
Price was accused of stealing $21 million from investors while he was employed at Montgomery Trust Bank in Ailey. In June of 2012 he faked his own death by sending suicide notes to his family then fled. In them he claimed did not steal anyone’s money and was only guilty of making bad investments. Six months after he was thought to have drowned after jumping off a boat in Key West, a Florida judge declared him dead at his wife’s request. Last year he was discovered to be very much alive after a traffic stop in Georgia.
He told authorities he worked as a migrant laborer. The Marion County, Florida, sheriff’s department said they found 225 pots of marijuana plants and fake ID cards in a residence he used in Ocala.