Bank President Who Faked Death Charge With Fraud

Authorities say a Georgia banker is allegedly linked to a multimillion-dollar fraud case.
3:00 | 01/03/14

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Transcript for Bank President Who Faked Death Charge With Fraud
-- -- -- -- who shuffled out of court today -- shackled and shaggy hair. Was a far cry from this guy in this slick Bible quoting bank director bullets are riding high just a few years ago -- -- allegedly faked his own death and managed. This is the last time anybody -- -- alive on this surveillance video not long after he wrote this long rambling suicide note. Saying he would die and be buried in shame and progress so why did he engineered this elaborate -- Federal investigators. Say he had forty million reasons. He's a -- And he's a liar -- cross is one of roughly 115. Investors. Who lost a combined forty million dollars to price this story starts in 2009 when price a self -- evangelical Christian. Again raising money from investors. He obviously was very fraudulent deceptive and he used. The Christian faith in his relationship -- -- -- kind of -- front Hollis. Just didn't think Galileo was a business partner who says he had no idea that price was both losing money in the market. And allegedly stealing it from a bank he took over after infusing it -- investor funds. Fraud when you know that this is -- huge fraud prosecutors say price stole misappropriated and embezzled millions of dollars. Much of it directly into his own pockets and you had no inkling that this was going after civilian. In 2012 the bank was closed down the money was gone including -- 300000 dollars -- cross put in. Not just my money but it was -- Dreams. And my future and my freedom. -- Before they could arrest him -- price disappeared. Sending acquaintances this long rambling suicide note saying it is the pain which I have caused that makes life too difficult to exist. Waking up in my world has no appeal whatsoever. The letter was riddled with spelling errors and bristling would Bible citations including. Better is a little -- righteousness than great income -- justice. Just a month after that suicide note however price turned up on this surveillance tape released by the FBI. At the airport in Key West, Florida and -- the ferry terminal. Leads us to believe that there's a high likelihood that the suicide was -- he was planning this exit for a very long time. And he's a very very Smart Smart individual -- you know this is it's too bad that it was used for such people. A year ago a judge declared price to be legally dead but the FBI didn't buy it. Issuing a 20000 dollar reward and searching as far away as Venezuela where price owned property meanwhile has investors were left hoping price would somehow be found. -- their money. I hope that they find him and I hope that he suffers. An and I hope that she sees some of this path of financial carnage. That he has left behind. Ivory Lee price is by far not the first person to attempt this sort of disappearing act. In fact just weeks after price -- -- Raymond Roth took his son John that this beach in New York. He took his shirt off to the -- -- even. The father then told the sun to sound the alarm saying his dad went for a -- And then went missing. I call myself -- mom I told there I don't know where he is that went into the water. And that he -- back out John -- called 911 a massive search and rescue effort in suit. Were -- crying on the beach said you know -- media heart attack me now the -- to tell. But then his wife learned that Ramon had cleared out their bank accounts. Next she discovered secret emails he'd sent his son indicating he was very much alive. -- -- -- -- -- -- -- -- -- -- -- -- -- And shortly thereafter Raymond was basket he pled guilty to conspiracy got a short jail term -- running. -- -- -- time to apologize. And then there's the case of Olivia Newton John's former partner. A man named Patrick McDermott who disappeared from a fishing charter boat in June of 2005. Private investigators -- McDermott did not -- but staged his disappearance. USS Pittsburgh. After the navy concluded he faked his own death to -- an extramarital affair. He was relieved of his duties but honorably discharged. And Sam Israel sentenced to 22 years for defrauding investors -- -- 400 million dollars. He drove his SUV to a bridge in New York wrote the words suicide is painless on the hood and rode a scooter to an RV he had parked nearby. A month later he turned himself -- Former NYPD detective nick -- -- says there's a reason most of these people get busted. In the digital age how hard is it to go underground for the -- -- it's all but impossible first thing you have to ditch. Is your ATM card to credit cards. And -- cellphone can't travel by air because he need identification. You can -- -- car. -- you can't renew your driver's license. Which brings us back to our banker. After eighteen months of successfully avoiding authorities he was busted in -- routine traffic stop on interstate 95 in Georgia. On New Year's the the reason for the stop -- tinted windows on his vehicle were too dark. Is this present -- -- that after eighteen months on Alam Hewitt brought down by. A routine traffic stop the routine. You become -- the -- And you become a little secure. In your new identity. And you -- to perceive these types of dangerous. This will -- Was Smart enough. To run him and then determine if he was wanted and apprehended him. He allegedly used fake names which made the sheriff's deputies suspicious. They were doing the job what require out of there and they just look beyond the ticket this go to him about it -- that he's the only action. -- two people that he's -- -- and taken money from. Once under arrest listened to what price told the deputies -- NN is -- -- violence that's what -- told him in the back. That's the same line -- Amelio Estevez used before killing people as Billy the Kid in the movie young guns to. -- make you famous today in court one official told the judge that price claimed he'd been homeless before his arrest. Working as a migrant worker and accepting cash for odd jobs. He insisted his family didn't know he was alive and that he'd return to -- to renew the tags on his truck. However price was not apparently homeless after he was arrested police in Ocala Florida. Raided the apartment he'd been renting and removed 225. Marijuana plants. From the guy who once marketing himself as a trustworthy devout Christian. This is -- great great way to start out the new year for us. As for -- cross who lost all the money she'd been saving since age 22. Him being caught gives you faith that you know they're the if you just you know hold the faith and keep the faith that big good overcomes evil.

This transcript has been automatically generated and may not be 100% accurate.

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