John Afriyie, a former analyst for Michael Dell’s investment fund, MSD Capital, was arrested Monday after refusing to show up for trial to face charges he made $1.5 million engaging in insider trading. U.S. District Judge Paul Engelmayer in Manhattan earlier in the day issued a bench warrant for John Afriyie after learning the defendant would not agree to come to court. Afriyie was in custody about 5 hours later

Afriyie had been free on a $200,000 bond since his initial arrest last April in what was one of the latest insider trading cases to be announced by Manhattan U.S. Attorney Preet Bharara's office. Prosecutors said that in early 2016, Afriyie learned about plans by Apollo Global Management to acquire security company ADT Corp after the PE firm approached MSD to discuss providing debt financing for the deal.

After he and other MSD employees were emailed about a restriction imposed on trading in ADT stock, Afriyie accessed a shared folder on MSD's network server and obtained information about Apollo's pending deal, prosecutors said. He then bought ADT call options for $24,254 through a brokerage account in his mother's name, enabling him to earn $1.53 million when the transaction was announced.