Sunday, March 3, 2024
HomeDeath & Dishonor: Crisis at the VA'Dead' banker Aubrey Price, who allegedly embezzled millions, captured

‘Dead’ banker Aubrey Price, who allegedly embezzled millions, captured

Disgraced banker Aubrey Lee Price's situation has gone from bad to worse.

The 47-year-old Georgia banker—on the run for 18 months after allegedly bilking investors of millions and faking his own death—was apprehended on New Year's Eve after cops pulled him over for illegally tinted windows.

During his time on the lam, Price was hoarding marijuana plants, according to authorities, and underwent a dramatic physical transformation, forgoing his clean-cut look for longer hair, and a beard and a mustache.

A federal warrant was issued in 2012 after Price was accused of transferring $21 million of clients' money into accounts he controlled.

Shortly before the warrant was issued, Price had sent a note to family and friends and said he planned to drown himself. "I shame my God" and "I do not deserve a funeral," he said in the note.

A little more than a year ago, surveillance video surfaced that showed Price boarding a ferry in Key West, Fla., on his way to Fort Myers. A judge eventually declared him dead, but the FBI continued to pursue him.

And then three days ago, officers from the Glynn County Sheriff's Office in Georgia pulled Price over, discovered who he was and arrested him.

(Read more: Fresh schemes in a post-Madoff world)

Aubrey Lee PriceSource: FBI

After his arrest, Price's residence in Florida was searched and police found about 225 pot plants growing in the garage and inside an adjacent mobile home, according to the Marion County Sheriff's Office.

Animal control also was called to remove one "pit bull-type dog," according to authorities. Price was renting the house and was using an alias name, "Jason."

Wendy Cross, who invested with Price told reporters, "Justice prevails and the big foot of karma will come back and squash you."

Price was featured on CNBC's "American Greed: The Fugitives" and is the third person apprehended after appearing on the show.

By CNBC's Jeff Pohlman. Follow the team @CNBCinvestigate.

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