Ga. banker missing - and so is $17 million
Aubrey Price is charged with embezzling $17 million from Montgomery Bank & Trust in Georgia. / AP Photo/Hyosub Shin, AJC
(CBS/AP) AILEY, Ga. -- A South Georgia bank closed by federal regulators has a missing board member who's accused of millions in fraud.
The Federal Deposit Insurance Corp. said it seized Montgomery Bank & Trust in Ailey on Friday. The U.S. attorney's office said missing director Aubrey Lee Price, 46, has been charged with wire fraud involving the embezzlement of $17 million from the bank. Price controlled the bank's investments before disappearing last month. He was last seen on a ferry leaving Key West, Florida, for Fort Myers.
"According to the complaint charging him with wire fraud, defendant Aubrey Lee Price disappeared after telling acquaintances that he had lost a large amount of money through trading activities and that he planned to kill himself," the U.S. attorney's office said in a statement released last week.
If proven guilty, Price could face up to 30 years in prison.
The FDIC said Montgomery Bank was acquired by Moultrie-based Ameris Bank and its two branches will reopen Monday. Ameris is assuming all of the bank's $164 million in deposits and the FDIC is retaining the bulk of the failed bank's $173 million in assets.
The public is being urged to contact the FBI with any information at (212) 384-1000, or at firstname.lastname@example.org.
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