A south Georgia bank director accused of losing millions of investor dollars before vanishing last year has been arrested in Brunswick.
The U.S. attorney’s office in Savannah says 47-year-old Aubrey Lee Price was arrested Tuesday during a traffic stop on Interstate 95 in Brunswick by members of the Glynn County 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.
In July 2012, a federal grand jury indicted Price a charge that he defrauded the Montgomery Bank & Trust, Ailey, Ga., of over $21 million.
Prosecutors say Price raised $40 million from his bank and 115 investors, and lost much of the money.
Bank fraud carries a maximum sentence of 30 years in prison and a fine of up to $1,000,000. Price faces additional charges in New York.