Video released of missing Ga. banker facing fraud charges - wistv.com - Columbia, South Carolina |

New details out on missing banker facing fraud charges

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Aubrey Lee Price on June 16 (Source: FBI) Aubrey Lee Price on June 16 (Source: FBI)
Aubrey Lee Price (Source: FBI) Aubrey Lee Price (Source: FBI)
SAVANNAH, GA (WTOC) -

The FBI has released an updated poster of a missing Georgia man who is accused of defrauding the Montgomery Bank & Trust out of more than $21 million as part of an investment scheme in New York.

Aubrey Lee Price, 46, who is originally from Lyons, has been missing for several weeks. He is charged with one count of bank fraud, which carries up to 30 years in prison and a fine of up to $1 million, according to the U.S. Attorney's Office for the Southern District of Georgia. 

A federal arrest warrant was issued for Price in the U.S. District Court, Eastern District of New York on June 28, according to the FBI.

Price was indicted on July 11. In 2010, Price controlled an investment group that invested an estimated $10 million in the failing Montgomery Bank & Trust and was then made a director of MB&T and put in charge of investing the bank's capital, according to the U.S. Attorney's Office.

Price stole, misappropriated and embezzled more than $21 million from MB&T over next 18 months and make it look like the bank's funds were being held at a financial services firm, according to the U.S. Attorney's Office. 

On July 6, Georgia regulators closed Montgomery Bank & Trust, which has banks in Ailey and Vidalia, and appointed the FDIC as receiver.

Price may be traveling to Venezuela and Guatemala and has built and funded churches in South America and has also done mission work in those area, according to the FBI.

Price has been known to own these boats, according to the FBI: a 1997 21.00' Marine Manufacturing (fiberglass) pleasure vessel with Hull ID Number MUS03008A797; a 2004 17.00' Sea Ray Boats Inc (fiberglass) pleasure vessel with Hull ID Number SERR8672C404; a 2005 10.00' Sea-Doo (fiberglass) personal watercraft with Hull ID Number YDV32894D505; a 2005 10.00' Sea-Doo (fiberglass) personal watercraft with Hull ID Number YDV33619D505; and a 1996 19.08' Bayliner (fiberglass) pleasure vessel with Hull ID Number BIYL60CLD696.

Price told friends he lost a large amount of money via trading and had planned to kill himself. He was last seen boarding a ferry boat on June 16 in Key West, Fla. that was headed for Fort Myers, Fla. He was wearing a white T-shirt, tan shorts, a white baseball hat and light-colored sneakers.

The FBI is offering a reward of up to $20,000 for tips that lead to Price's arrest. Anyone with information can call the FBI's Toll-Free Tipline at 1.800.CALL.FBI; your local FBI office; or the nearest American Embassy or Consulate.

Copyright 2012 WTOC. All rights reserved.

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