An eastern Ontario investment broker charged after clients lost millions invested with his company has been found by police after a five-month search.

Bruce Elmore was to appear in court Wednesday after being found by police on Friday in Killaloe, Ont., RCMP confirmed Tuesday.

An warrant had been issued for his arrest on March 17.

Elmore Financial Services declared bankruptcy in 2002.

According to Brian Doyle, the bankruptcy trustee who investigated the case, more than 40 clients had bought what they believed were conservative investments such as GICs from Elmore Financial Services over a decade.

Based on his investigation, Doyle alleged the money was instead invested in the stock market.