Once-declared dead banker takes plea deal in fraud

AP News
Posted: Jun 04, 2014 4:21 AM

SAVANNAH, Ga. (AP) — In the past two years, a former investment adviser in Georgia has been a fugitive wanted on bank fraud charges, declared dead and captured alive.

Now it looks like his strange criminal case is coming to an end.

A federal prosecutor said in court Tuesday that 47-year-old Aubrey Price has agreed to a plea deal. A hearing is scheduled Thursday.

Price vanished in June 2012 after prosecutors say he lost millions of dollars belonging to investors and the Montgomery Bank & Trust. He wrote letters hinting he had committed suicide.

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Six months after his disappearance, a judge declared Price dead at his wife's request. Price turned up during a traffic stop on New Year's Eve and has been in jail awaiting trial ever since.

Price's attorney declined to comment.