A Raleigh man accused of an $80 million Ponzi scheme involving ATM's remained in custody Wednesday evening, a day after a judge allowed him to be released once he secured a $5 million bond.

Vance Moore II, 55, was arrested in Garner on Friday. Moore and 62-year-old Walter Netschi of Texas have been charged with wire fraud and conspiracy to commit wire fraud.

FBI officials said the two men solicited investments for ATMs, saying they would generate revenue from cash withdrawal fees. Most of the machines didn't exist, or were never owned by the men, authorities said.

The alleged scheme occurred from 2005 to January of 2008.

The Wake County Detention Center said late Wednesday Moore was still in their custody.

Terms of the $5 million bond show once Moore secures the bond and is released, he cannot violate any laws, including traffic violations.

The agreement also shows Moore must use homes in Raleigh and Florida to secure the bond, which was signed by his wife on Tuesday.

No one answered the door Wednesday afternoon at the Raleigh home where Moore and his wife live. 

A neighbor, who did not want to be named, described the couple as "very giving and very nice people."

"I never would have suspected this. I want to believe this story isn't true," the neighbor said.

He is next set to appear in a New York courtroom Oct. 1.

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