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Investment Adviser Charged In Florida For False Distress Call

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(Credit: Thinkstock)

(Credit: Thinkstock)

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MIAMI (CBSMiami/AP) — A financial adviser who is accused of embezzling millions of dollars from investors then vanishing faces new charges in Florida.

Miami federal prosecutors said 47-year-old Aubrey Lee Price of Valdosta, Georgia, sent a letter in June 2012 indicating he would commit suicide by jumping from his boat off Naples, Florida.

The letter resulted in the Coast Guard responding unnecessarily to a false distress call, a federal crime.

The charge carries a maximum six-year prison term.

Price is jailed in Georgia awaiting trial for allegedly embezzling $17 million from investors. He is also charged in New York with securities and wire fraud.

Price was arrested last New Year’s Eve on Interstate 95 in Georgia by a sheriff’s deputy who thought his truck’s windows were tinted too dark.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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