News / USA

Police: Pot Plants Found at Home of Rogue US Banker

FILE - Combination photo shows Aubrey Lee Price pictured in undated photo courtesy of the FBI, left, and in an undated booking photo courtesy of the Glynn County Sheriff's Office, Georgia.
FILE - Combination photo shows Aubrey Lee Price pictured in undated photo courtesy of the FBI, left, and in an undated booking photo courtesy of the Glynn County Sheriff's Office, Georgia.
Reuters
— More than 200 marijuana plants were found at the rented Florida home of a former Georgia bank director captured this week after vanishing for 18 months under suspicion of embezzling $21 million, authorities said on Friday.

The Marion County Sheriff's Department discovered the plants on Wednesday at a mobile home rented by Aubrey Lee Price, 47, in Ocala, Florida, less than 80 miles (128 km) northwest of Orlando, department spokesman James Pogue told Reuters.

A day earlier, Price, a former director of Montgomery Bank & Trust, a small bank in Ailey, Georgia, was arrested near Brunswick, Georgia, when authorities noticed his pickup truck windows appeared to be tinted too darkly to comply with state law.

Price had disappeared more than a year earlier, just before he was indicted in Georgia in July 2012 on one count of bank fraud, which carries a maximum sentence of 30 years in prison and a $1 million fine. He left behind a written confession and a note for family and friends saying he planned to kill himself, authorities said.

His wife believed he was dead, her attorney John Holt said on Thursday.

Price had recently been living at the Florida property and the landlord called police after spotting several marijuana plants growing in the garage, according to a police report. A deputy saw several bright lights and “tall green plants” believed to be marijuana in the garage, the report said.

After obtaining a search warrant, investigators discovered a total of 225 marijuana plants in the garage and mobile home, the police report said. No charges have yet been filed against Price in connection with the marijuana, Pogue said.

Price, who was charged with giving false identification at the time of his arrest this week, was ordered held in police custody until a detention hearing set for Monday in Savannah, court records showed.

Price previously controlled an investment group that put $10 million into Montgomery Bank & Trust, according to the federal indictment.

After being named a bank director, he “fraudulently obtained over $21 million of MB&T funds, which he then misappropriated, embezzled and lost in speculative trading and other investing,” the indictment said.

In an effort to hide the fraud, Price provided bank officials with fabricated account statements, the indictment said. Regulators later shut down the bank's two branches. Price was indicted in New York last year on securities and wire fraud charges connected to the scheme.

Before his arrest on Tuesday, Price was last seen boarding a ferry in Key West, Florida, in June 2012. Investigators at the time speculated that he either committed suicide or fled to Venezuela.

Last year, his wife asked a Florida judge to declare her husband deceased for estate planning purposes and will now seek to have the declaration set aside, Holt said.

You May Like

At International AIDS Conference One Goal, Many Paths

The 12,000 delegates attending 20th International AIDS Conference in Melbourne have vastly different visions about how to eradicate disease More

Disasters May Doom Malaysia’s Flag Carrier

Even before loss of two jets loaded with passengers on international flights, company had been operating in red for three years, accumulating deficit of $1.3 billion More

Afghan Presidential Vote Audit Continues Despite Glitches

Process has been marred by walkouts by representatives of two competing candidates, Abdullah Abdullah and Ashraf Ghani More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Nature of Space Exploration Enters New Agei
X
Elizabeth Lee
July 20, 2014 2:36 AM
Forty-five years ago this month, the first humans walked on the moon. It was during an era of the space race between the United States and the Soviet Union. World politics have changed since then and -- as Elizabeth Lee reports -- so has the nature of space exploration.
Video

Video Nature of Space Exploration Enters New Age

Forty-five years ago this month, the first humans walked on the moon. It was during an era of the space race between the United States and the Soviet Union. World politics have changed since then and -- as Elizabeth Lee reports -- so has the nature of space exploration.
Video

Video Chicago’s Argonne Lab Developing Battery of the Future

In 2012, the U.S. Department of Energy’s Office of Science awarded a $120 million grant to a new technology center focused on battery development - headquartered at Argonne National Laboratory in suburban Chicago, Illinois. As VOA’s Kane Farabaugh reports, there scientists are making the next technological breakthroughs in energy storage.
Video

Video In NW Pakistan, Army Offensive Causes Massive Number of Displaced

Pakistan’s army offensive in North Waziristan has resulted in the large-scale displacement of the local population. VOA's Ayaz Gul reports from northwest Pakistan where authorities say around 80 percent of the estimated 1 million internally displaced persons [IDPs] have settled in Bannu district, while much of the remaining 20 percent are scattered in nearby cities.
Video

Video Kurdish Peshmerga Force Secures Kirkuk, Its Oil

The Kurdistan regional government has sent its Peshmerga troops into the adjacent province of Kirkuk to drive out insurgents, and to secure the area's rich oil fields. By doing this, the regional government has added a fourth province to the three it officially controls. The oil also provides revenue that could make an independent Kurdistan economically strong. VOA’s Jeffrey Young went out with the Peshmerga and filed this report.
Video

Video Malaysia Reeling: Second Air Disaster in Four Months

Malaysia is reeling from the second air disaster in four months involving the country’s flag carrier. Flight 340 vanished in March and despite an extensive search, no debris has been found. And on Thursday, Flight 17, likely hit by a surface-to-air missile, came apart over eastern Ukraine. The two incidents together have left more than 500 people dead. VOA Correspondent Steve Herman reports from Kuala Lumpur.
Video

Video Diplomatic Crisis Grows Over MH17 Plane Crash

The Malaysia Airlines crash in eastern Ukraine is drawing reaction from leaders around the world. With suspicions growing that a surface-to-air missile shot down the aircraft, there are increasing tensions in the international community over who is to blame. Henry Ridgwell reports for VOA from London.
Video

Video Undocumented Immigrants Face Perilous Journey to US, No Guarantees

Every day, hundreds of undocumented immigrants from Central America attempt the arduous journey through Mexico and turn themselves over to U.S. border patrol -- with the hope that they will not be turned away. But the dangers they face along the way are many, and as Ramon Taylor reports from the Rio Grande Valley in Texas, their fate rests on more than just the reception they get at the US border.
Video

Video Scientists Create Blackest Material Ever

Of all the black things in the universe only the infamous "black holes" are so black that not even a tiny amount of light can bounce back. But scientists have managed to create material almost as black, and it has enormous potential use. VOA’s George Putic has more.
Video

Video Fog Collector Transforming Maasai Water Harvesting in Kenya

The Maasai people of Kenya are known for their cattle-herding, nomadic lifestyle. But it's an existence that depends on access to adequate water for their herds and flocks. Lenny Ruvaga reports for VOA, on a "fog collector."

AppleAndroid