Bank Director Who Was Declared Dead Arrested During Traffic Stop

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File photo of a courtroom. (credit: Joe Raedle/Getty Images)

File photo of a courtroom. (credit: Joe Raedle/Getty Images)

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 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 investors’ 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.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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