Related topics

Missing US bank director arrested in Brunswick

December 31, 2013

BRUNSWICK, Georgia (AP) — A bank director accused of losing millions of investors’ dollars before vanishing last year has been arrested.

The U.S. attorney’s office in Savannah says 47-year-old Aubrey Lee Price was arrested Tuesday during a traffic stop on the expressway in Brunswick by the sheriff’s department.

Price disappeared in June 2012 after sending a rambling confession letter to his family and investors saying he planned to drown himself off the Florida coast.

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 south Georgia bank and 115 investors, and lost much of the money.

Update hourly