Banker accused of losing millions appears in court

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

Aubrey Lee Price appeared before a federal judge in Brunswick today. The 47-year-old was arrested Tuesday during a traffic stop on Interstate 95.

The Atlanta Journal-Constitution reports ( ) the U.S. marshal said Price told authorities he'd been working as a migrant worker, accepting cash for odd jobs.

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.

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

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GRAPHICSBANK: AUBREY LEE PRICE, suspected of wire fraud, undated image from FBI Wanted poster (detail), graphic element on black (2 Jan 2014)

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