South Ga. bank director accused of losing millions before disappearing facing court appearance - InfoNews

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South Ga. bank director accused of losing millions before disappearing facing court appearance

An undated image provided by the Federal Bureau of Investigation shows a wanted poster for Aubrey Lee Price. Price, a south Georgia bank director accused of losing millions of investor dollars before vanishing was homeless and working odd jobs before his arrest earlier this week, a U.S. marshal told a federal judge Thursday. U.S. District Judge James Graham in Brunswick formally notified Aubrey Lee Price of the charges against him. The 47-year-old was arrested Tuesday during a traffic stop on Interstate 95 in the coastal Georgia city. The judge set a bond hearing for Monday in Savannah. (AP Photo/FBI)
January 02, 2014 - 2:25 AM

BRUNSWICK, Ga. - 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.

News from © The Associated Press, 2014
The Associated Press

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