47-year-old ex-banker and notorious fraudster Aubrey Lee Price has been arrested earlier this week after being on the run for more than a year. Aubrey disappeared in June 2012, leaving a suicide note to his friends and family, saying that he lost millions in investors’ dollars and planned to kill himself.
Back in 2009, Mr. Price was a seemingly successful director of Montgomery Bank & Trust in Ailey, Georgia. He forged documents, transferred funds to his own accounts at various financial institutions and lied to the management. The ex-banker made over $40 million before disappearing and over $17 million of those have been used for his own personal gains, according to SEC complaint.
Despite that Florida judge declared Mr. Price dead a year ago, FBI did not believe the suicide note and continued the hunt and the investigation.
"My depression and discouragement have driven me to deep anxiety, fear and shame. I am emotionally overwhelmed and incapable of continuing in this life," said a rambling confession letter investigators believe was written by Price.
"I created false statements, covered up my losses and deceived and hurt the very people I was trying to help," the letter said.
Mr. Price has been arrested on Tuesday by Glynn County sheriff’s deputies. Deputies arrested Price after finding fake IDs in the vehicle.
It is great to see the justice run its course. Let’s hope that we can all avoid fraud and scam in 2014 on. Profitable trading, everyone!