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Marshal: Fugitive banker homeless before arrest

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Posted: Jan 2, 2014 1:42 PM

Updated: Jan 2, 2014 1:43 PM

BRUNSWICK, Ga. (AP) A U.S. marshal says the south Georgia bank director accused of losing millions of investor dollars before vanishing was homeless before his arrest earlier this week.

The Atlanta Journal-Constitution (http://bit.ly/1l4jBJR ) quoted the unidentified marshal as telling a federal judge in Brunswick, Ga., that Aubrey Lee Price claimed he'd been working as a migrant worker, accepting cash for odd jobs.

The 47-year-old Price appeared before the judge Thursday, two days after his arrest during a traffic stop.

Price 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.

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


Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Topics: US-Georgia-Missing-Investment-Adviser

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