Actress Jamie-Lynn Sigler's ex-husband has been released on bail following his arrest on stock fraud.

A.J. Discala walked free from Brooklyn Federal Court in New York on Wednesday (23Jul14) after posting $2 million (Gbp1.2 million).

He was indicted for allegedly running a $300 million (Gbp176.5 million) stock scam.

Discala pleaded not guilty, but his bid to walk free was almost derailed, according to the New York Daily News when federal prosecutors objected to his proposed meeting with Google and Microsoft executives.

Discala has agreed to wear an electronic ankle bracelet to monitor his whereabouts, but insisted that home arrest would prevent him from attending important meetings.

Discala and The Sopranos actress wed in 2003 but were divorced three years later.