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Federal Criminal Defense Blog Federal Criminal Defense and Civil Litigation in Georgia and Beyond

Former Director of Montgomery Bank & Trust Indicted for Embezzling $17 Million; Has Fled; Possible Suicide

Posted in Bank Fraud

Aubrey Lee Price, former Director of Montgomery Bank & Trust, was indicted yesterday in the U.S. District Court for the Southern District of Georgia in Savannah on charges of embezzling approximately $17 million from the bank. Price, however, disappeared in mid-June, according to SFGate. Price left a rambling confession which has caused investigators to believe that he may have killed himself. The FDIC closed Montgomery Bank & Trust on Friday, July 6.