BRUNSWICK, GA – A former South Georgia bank director has been arrested in Brunswick, Ga for bank fraud.

Aubrey Lee Price, 47, originally from Lyons, Georgia was indicted in July 2012 by a federal grand jury in the Southern District of Georgia on a charge that he defrauded the Montgomery Bank and Trust in Ailey, Georgia, of over $21 million. Price was arrested by the Glynn County Sheriff’s Department after they conducted a random vehicle and traffic stop.

Before Price’s arrest, he was last seen in June 2012 boarding a ferry terminal in Key West, Florida, heading to Fort Myers, Florida. He then disappeared after writing a letter to acquaintances that he had lost a substantial amount of money, and he planned to take his own life. A Florida judge declared Price dead over a year ago, but the FBI didn’t believe Price was dead and continued to search for him.

Price was arrested by Glynn County Sheriff’s Department on I-95 in Brunswick, for a vehicle and traffic violation. When deputies learned Price’s true identity, he was taken into custody. Price faces one charge in the Southern District of Georgia of bank fraud, which carries a maximum of 30 years in prison and a fine of $1 million. He also faces charges in New York.

U.S. Attorney Edward Tarver emphasized that an indictment is only an accusation and is not evidence of guilt. FDIC-OIG Special Agent John Crawford, Federal Reserve Board OIG Special Agent Amy Whitcomb, and FBI Special Agent Ed Sutcliff have been investigating the indictment on Price. First Assistant United States Attorny James Durham and Assistant United states Attorney Brian Rafferty are prosecuting the case for the United States against Price.

Source: WCTV