Missing Banker Arrested For $21 Million Fraud After Being Declared Legally Dead
Aubrey Lee Price was charged in June 2012 with illegally funneling $21 million into hidden bank accounts and lying about it to investors and regulators.
That same month, Price showed some remorse and appeared hopeless. He penned a 22-page letter titled â€śConfidential Confession for Regulatorsâ€ť and said he planned to kill himself by jumping off a boat near the Florida coast.
My depression and discouragement have driven me to deep anxiety, fear and shame. I am emotionally overwhelmed and incapable of continuing in this life,â€ť he wrote, according to ABC News.
Credit card statements and surveillance video corroborated the story. Price was seen boarding a ferry in Key West after purchasing diving weights.
Despite never finding a body or hearing reports from the ferry, a Florida judge declared Price dead, believing him to have committed suicide. His family, too, seems to have believed he the story.
The FBI didn’t believe he was dead, however, and continued to keep Price on the wanted list, even offering a reward of up to $20,000 for his capture.
Now it turns out the FBI was right. Price, now 47, was stopped while driving in Georgia for a typical tinted window violation. Officers said Price gave false information during the routine traffic stop but soon determined that he was wanted by the FBI. It couldn’t have been easy; Price today is unrecognizable from his photo from less than two years ago.
The former banker is scheduled to make an initial court appearance today.