Ga. banker accused of losing millions due in court

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Associated Press

Posted on January 2, 2014 at 6:33 AM

Updated Thursday, Jan 2 at 10:04 AM

BRUNSWICK, Ga. (AP) — A south Georgia bank director accused of losing millions of investor dollars before vanishing is set to appear in court.

The U.S. attorney's office in Savannah says 47-year-old Aubrey Lee Price is due to appear before a federal judge in Brunswick on Thursday. Price was arrested Tuesday during a traffic stop on Interstate 95 in Brunswick.

Price had disappeared in June 2012 after sending a rambling letter to his family and acquaintances saying he had lost millions of investment dollars and planned to kill himself.

A Florida judge declared him dead about a year ago. But the FBI had said it didn't believe Price was dead and continued to search for him.

Prosecutors say Price raised $40 million from his bank and 115 investors, and lost much of the money.

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