Georgia banker says he's innocent of embezzling, will remain in jail

Jan. 8, 2014 at 2:35 PM
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STATESBORO, Ga., Jan. 8 (UPI) -- A former bank director, indicted for allegedly embezzling more than $21 million, was ordered to remain in jail after a hearing Wednesday in Statesboro, Ga.

Aubrey Lee Price, 47, appeared before a federal magistrate and pleaded not guilty to the charges, the Atlanta Journal-Constitution reported Wednesday.

He is accused of bank fraud involving the failed Montgomery Bank and Trust Co of Ailey, Ga., and of defrauding clients in his investment advisory business. Price is separately under indictment in New York on a federal wire fraud charge, and authorities are determining his involvement in a marijuana grow house in Florida on land he rented.

Price was missing for 18 months after suggesting he would kill himself. He was captured New Year's Eve in Brunswick, Ga.

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