NEW YORK (AP) — A Kentucky businessman was arrested Monday in a $100 million scheme that contributed to the collapse of a bank and tried to drain money from the federal bank bailout program before some funds were used to pay his mortgages and to buy designer clothing, jewelry and luxury cars, authorities said.

Wilbur Anthony Huff, 51, who has addresses in both Caneyville and Louisville, was released on $100,000 unsecured bond after a brief court appearance in federal court in Louisville in which prosecutors portrayed him as a flight risk. Along with two alleged accomplices arrested in New York, Huff faces various charges, including conspiracy to commit bank bribery, bank and insurance fraud, and tax evasion.