Money manager from Lowndes Co. is missing | News

VALDOSTA, GA (WALB) - The search continues for a missing investment advisor suspected of embezzling around $40 million.

On June 16th, 46-year old Aubrey Price told his wife Rebecca he was going to Guatemala on a business trip.

"She had no idea that he had actually gone to Key West, and she did not believe that anything was afoot until she received a letter," said Detective Aaron Pritchett.

The letter said Price lost a large amount of money on trades and was planning to kill himself.

Police say Price could be in any number of cities or even countries including Key West or Venezuela.

"We tracked him to Key West, Florida where he boarded a vessel, supposedly headed to Fort Meyers. And that's the last known location where he was heading to," said Pritchett.

In a 22-page letter, Price admitted to investors he made false statements to conceal losses of about $20 million.

Price told clients he was investing their money in traditional stocks, but he also bought South American real estate and shares of Montgomery Bank and Trust.

Tens of millions were originally placed into an account at Goldman Sachs.

But now both Price and the money are missing.

"He was last seen wearing a baseball cap burgundy in color with a gold V emblem on the brim of the hat. And he also had on a white long-sleeved T-shirt," said Pritchett.

The Securities and Exchange Commission, FBI, and the Lowndes County Sheriff's Office are all assisting on the case.

If you have any information of Price's whereabouts, you're asked to call the Lowndes County Sheriff's Office at 229-671-2985 or the FBI at 404-679-9000.

Copyright 2012 WALB. All rights reserved.