A man accused of playing a key role in what police have called the largest Ponzi-type scheme in Canadian history has been arrested at his Calgary home for allegedly breaking the conditions of his release.

Milowe Brost, who is 60, was taken into custody Thursday on two counts of breach of recognizance.

Brost was arrested with two other men in 2009 for allegedly bilking investors around the world out of $400 million.

He is set to face trial on charges that include fraud, theft and money laundering. (See Investment Executive, ASC levies $54 million in fines in “massive” fraud, September 28, 2012.)

RCMP received complaints in June about Brost’s activities and his release conditions were changed to include the wearing of a monitoring bracelet and a ban on soliciting investments without court approval.

Brost will appear in court Monday on the breach charges.