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July 5-- In the case of missing Montgomery Bank director Lee Price, there's a correction.

Initial law enforcement reports on his disappearance said he left a suicide note on a ferryboat he allegedly boarded at Key West, Florida.  

Thursday Toombs County Sheriff Junior Kight said there was no note left on the boat, but that the Coast Guard did receive a suicide note from Price's family when he was reported missing.

"The family had sent the Coast Guard a copy of what appeared to be a suicide note saying that he was going to Key West and that he was going to jump off the boat," Sheriff Kight reports.

Authorities don't know if Price committed suicide or has fled.  A federal warrant has been issued claiming he embezzled $17 million from investors.  Price wrote a confession saying he had not taken any money and claiming he had committed fraud in the process of losing milliions of dollars which he managed for investors.

The FBI has issued the following news release in connection with Price.

"A director of a bank in southern Georgia who has been missing for two weeks has been charged in the Eastern District of New York with embezzling approximately $17 million in bank funds, which he had been entrusted to invest on the bank’s behalf. According to the complaint charging him with wire fraud, defendant Aubrey Lee Price, 46, disappeared after telling acquaintances that he had lost a large amount of money through trading activities and that he planned to kill himself. Anyone with information regarding Price’s whereabouts or the alleged crime is urged to contact the Federal Bureau of Investigation office in New York at (212) 384-1000 or at This email address is being protected from spambots. You need JavaScript enabled to view it.. Price was last sighted boarding a ferry boat in Key West, Florida, bound for Fort Myers, Florida, and has been missing since at least June 16, 2012.

The charge was announced by Loretta E. Lynch, United States Attorney for the Eastern District of New York, and Janice K. Fedarcyk, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office.

According to the complaint, Price became a director of the southern Georgia bank after PFG LLC, a company he controlled, bought a controlling portion of the bank’s stock in December 2010. In early 2011, Price took on the responsibility of investing the bank’s capital. Price opened brokerage accounts that cleared through a securities clearing and custodial firm in New York and told the bank’s management that he would invest the bank’s capital in treasury securities. The complaint alleges that, instead of investing the money as promised, Price fraudulently wired the bank’s funds to accounts that he personally controlled at other financial institutions and provided bank management with altered documents to make it appear as if he had invested the bank’s money in treasury securities.

According to the complaint, Price has told acquaintances that he owns real estate in Venezuela and Guatemala. Price recently traveled to Venezuela and returned to the United States from that trip on June 2, 2012.

The charge in the complaint is merely an allegation, and the defendant is presumed innocent unless and until proven guilty. If convicted of wire fraud, the defendant faces a maximum sentence of 30 years’ imprisonment. The government’s case is being prosecuted by Assistant United States Attorneys David C. Woll, Jr. and Brian Morris."