Aubrey Lee Price, the former preacher and investment adviser who pleaded guilty earlier this year to defrauding clients and his South Georgia bank, is scheduled to be sentenced later this month.
Price pleaded guilty in June to one count each of bank fraud, wire fraud and securities fraud. He is scheduled for sentencing by U.S. District Court Judge B. Avant Edenfield on Oct. 28 in Statesboro, according to a document filed in the court Wednesday.
Price staged his death and vanished in June 2012, sparking a mystery that drew international media attention. Prosecutors later accused him of embezzling millions of dollars from his clients and Montgomery Bank & Trust, a tiny bank that he and a group of investors had taken over during the state’s banking crisis, ostensibly to try and save.
He was arrested after a traffic stop near Brunswick last New Year’s Eve after 18 months on the lam and has been in custody ever since. Price faces up to 30 years in prison and must pay restitution of up to $51 million, according to a plea agreement.
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