Search under way for Ga. bank executive

Published On: Jul 04 2012 07:53:46 AM EDT   Updated On: Jul 03 2012 06:00:00 PM EDT
NEW YORK -

An executive from a southern Georgia bank who disappeared after stealing $17 million in bank funds remains missing after starting rumors that he wanted to kill himself, federal authorities said Tuesday.

A criminal complaint unsealed earlier this week in New York charges Aubrey Lee Price with embezzlement.

Price, 46, has been in charge of investments for a subsidiary of the undisclosed bank. After telling upper management that he was investing in U.S. Treasury securities, he wired bank funds to accounts he controlled and prepared falsified statements to cover his tracks, the complaint said.

The banker has been missing at least since June 16. He vanished after writing friends to tell them he had lost a large amount of money on trades and wanted to kill himself, authorities said.

Investigators say Price was last seen boarding a ferry in Key West, Fla., bound for Fort Myers, Fla. He had "previously stated that he owns real estate in Venezuela" and "may own a boat that would be large enough to travel to Venezuela from Florida," the complaint says.