Former Sarasota businessman accused of faking death appears in c - WFLA News Channel 8

Former Sarasota businessman accused of faking death appears in court

Posted: Updated:
Aubrey Lee Price was declared dead, but was on the run, wanted by the FBI for wire fraud Aubrey Lee Price was declared dead, but was on the run, wanted by the FBI for wire fraud
Aubrey Lee Price was declared dead, but was on the run, wanted by the FBI for wire fraud. Aubrey Lee Price was declared dead, but was on the run, wanted by the FBI for wire fraud.
A former Sarasota businessman who is accused of faking his own death appeared before a federal judge in Georgia on Thursday.

Aubrey Lee Price vanished in 2012 after allegedly stealing millions of dollars. He was arrested in Georgia on Tuesday after deputies pulled him over for driving with illegal tinted windows.

It turned out that 47-year-old Aubrey Lee Price had been legally declared dead and was on the run, wanted by the FBI for wire fraud.

Price is a former pastor who lived in Bradenton for at least five years. He also started businesses in the local area, one was located on Bee Ridge Road in Sarasota. Price later moved to South Georgia where he ran a bank.

Authorities say from 2010 to 2012 Price embezzled $21 million from more than 100 investors. Officials say he created a fake company in New York to funnel money through fraudulent wire transfers and phony investments.

Before going on the run, he wrote a rambling suicide note. In it, he admitted guilt and wrote that he planned to jump off a ferry boat. He was last seen in June 2012 boarding a boat from Key West to Fort Myers.

A judge later declared him dead, but the FBI always believed he was alive. On Tuesday morning he was found, much to the joy of his victims.

Related: GA banker accused of losing millions due in court


Victim Wendy Cross said, "Justice prevails, and the big foot of karma will come back and squash you."

Price appeared before a judge in Brunswick, Georgia on Thursday. He said his family never knew that he was alive. Old pictures showed Price in a suit with a clean-cut haircut. But, today he looks very different. With long, dark shoulder length hair and a goatee. Officials say he had returned to South Georgia because he was renewing a tag on his truck.

Price faces up to 30 years in prison. The judge issued no bond. He has a bond hearing in front of a federal judge in Savanna, GA on January 6th.

In another development, the Marion County Sheriff’s Office said Price had been renting out a home in Citra, Florida. Deputies raided the home on Wednesday and found a grow house with 225 marijuana plants.

Sign up for free breaking news and headline email alerts http://8.wfla.com/18DCEqk
  • 8 On Your SideMore>>

  • Squatters moving out of New Port Richey soldier's home

    Squatters moving out of New Port Richey soldier's home

    Thursday, April 24 2014 6:50 AM EDT2014-04-24 10:50:51 GMT
    Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out. 
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out.  
  • Pricey processing issue at Tampa hair academy resolved

    Pricey processing issue at Tampa hair academy resolved

    Wednesday, April 23 2014 9:35 AM EDT2014-04-23 13:35:13 GMT
    Loretta Maloy says she always expected to pay for the courses she took those several weeks, but thought $10,000 in loans just wasn’t right.
    Loretta Maloy says she always expected to pay for the courses she took those several weeks, but thought $10,000 in loans just wasn’t right.
  • New Port Richey soldier says squatters won't leave his home

    New Port Richey soldier says squatters won't leave his home

    Wednesday, April 23 2014 8:58 AM EDT2014-04-23 12:58:50 GMT
    Soldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photoSoldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photo
     When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
    When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
  • NewsMore>>

  • Clash in east Ukraine leave at least 2 dead

    Clash in east Ukraine leave at least 2 dead

    Thursday, April 24 2014 6:55 AM EDT2014-04-24 10:55:02 GMT
    Ukrainian Interior Minister Arsen Avakov says police have cleared the city hall in a southeastern city of pro-Russian protesters who had been occupying it for over a week.
    The Ukrainian government and pro-Russia insurgents report at least two deaths on the pro-Russia side during clashes in east Ukraine.
  • Squatters moving out of New Port Richey soldier's home

    Squatters moving out of New Port Richey soldier's home

    Thursday, April 24 2014 6:50 AM EDT2014-04-24 10:50:51 GMT
    Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.Squatters begin moving out of Spc. Michael Sharkey's home on Wednesday night.
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out. 
    Our 8 On Your Side story about a New Port Richey soldier who says his home has been taken over by squatters is striking a nerve in the community and now, the squatters are moving out.  
  • Worth a Drive: SimCenter of Tampa Bay

    Worth a Drive: SimCenter of Tampa Bay

    Thursday, April 24 2014 6:36 AM EDT2014-04-24 10:36:20 GMT
    The SimCenter is unique to Tampa Bay and is definitely Worth a Drive, Leslee Lacey saysThe SimCenter is unique to Tampa Bay and is definitely Worth a Drive, Leslee Lacey says
    SimCenter of Tampa Bay is known for their high-end realistic simulators. Once rated number one on TripAdvisor’s destinations in Dunedin, they are back at the top spot in Clearwater after relocating to US 19 a few months ago.
    SimCenter of Tampa Bay is known for their high-end realistic simulators. Once rated number one on TripAdvisor’s destinations in Dunedin, they are back at the top spot in Clearwater after relocating to US 19 a few months ago.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.