Wednesday, January 8, 2013
STATESBORO, Ga. (AP) -- A judge must decide if a former Georgia banker accused of stealing millions from investors should be freed on bond after he spent the past 18 months eluding authorities.
Aubrey Lee Price is scheduled to appear Wednesday for a bond hearing before a federal magistrate judge in Statesboro. Authorities say the 47-year-old Price misspent, embezzled and lost $21 million before he vanished in June 2012, leaving letters that indicated he planned to commit suicide.
A Florida judge declared Price dead a year ago, but he was arrested last week during a traffic stop in south Georgia.
Price has been indicted in Georgia and New York on bank fraud charges. The bank where Price served as a director, the Montgomery Bank & Trust near Vidalia, closed after its assets were depleted.
(Copyright 2013, The Associated Press)