Happy New Year! From the AP:
Aubrey Lee Price, 47, was arrested [Tuesday] during a stop for a vehicle and traffic violation on Interstate 95 in Brunswick by members of the Glynn County Sheriff’s Department, the U.S. attorney’s office in Savannah said. Price is set to make his initial appearance before a federal judge in Brunswick on Thursday.
Price disappeared in June 2012 after sending a rambling letter to his family and acquaintances that investigators described as a confession. A Florida judge declared him dead a year ago, but the FBI had said it didn’t believe Price was dead and continued to search for him.
Prosecutors have said Price had raised roughly $40 million from about 115 investors, mostly in Georgia and Florida, through the sale of membership interests in his investment firm. Authorities believe Price slipped away with up to $17 million of investors’ money.
Given the circumstances of Price’s disappearance, it seems more than odd that a judge would declare him dead so soon. As noted in that excerpt, the FBI didn’t believe he was dead.
News first broke of the fraud investigation and Price’s disappearance in early July 2012. A few days later, the FDIC closed Montgomery Bank & Trust in Ailey, just west of Vidalia, where Price was a director.