- Associated Press - Tuesday, October 28, 2014

STATESBORO, Ga. (AP) - A former Georgia investment adviser who pleaded guilty in a fraud scheme that fueled a rural bank’s collapse and cost his investors tens of millions of dollars is set to be sentenced.

A federal judge is to sentence Aubrey Lee Price Tuesday. Price pleaded guilty in June to bank, wire and securities fraud as part of a deal with prosecutors that calls for a maximum of 30 years in prison.

Price also agreed to pay $51 million in restitution for bank and investor money that he lost, despite having convinced the court to appoint him a lawyer because he had no money to hire one.

Price disappeared in June 2012, leaving rambling notes saying he planned to jump off a ferryboat. He was captured during a traffic stop Dec. 31.


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