Price Sentenced to 70 Years

| October 28, 2014

Aubrey_Price_2STATESBORO — Former preacher and investment advisor Aubrey Lee Price was sentenced to 70 years in prison Tuesday.  His sentence, handed down in Federal Court in Statesboro, includes three separate sentences which Price will be allowed to serve concurrently.  He faces a maximum of 30 years in prison.

Price pled guilty earlier this year to defrauding multiple clients and the Georgia bank for which he worked.  He pled guilty in June to one count each of Bank Fraud, Wire Fraud and Securities Fraud.

As part of his plea agreement, he is also expected to pay close to $46 million in restitution.

Price attempted to stage his death and then vanish in June of 2012 which drew nationwide attention.  Authorities later accused him of embezzling millions of dollars from his investment clients and the small bank, Montgomery Bank & Trust, through which he had a group of investors take over during the banking crisis to, as he told bank owners, to try and save the bank.

His attempted staged death led him to a life on the run, including drug distribution activities.  This led to his arrest by Glynn County Sheriff’s deputies near Brunswick on New Year’s Eve, 2013 after 18 months at large.


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