PORTLAND, Maine — A Scarborough man charged with defrauding investors of at least $1.1. million over five years was released from federal custody on $25,000 cash bail Friday.

Philip E. Moriarty, 47, is charged with six federal counts of wire fraud, according to a January 2014 indictment from an Illinois grand jury. On Friday, Magistrate Judge John H. Rich III demanded that Moriarty surrender his passport and ordered him to appear Feb. 19 in U.S. District Court in Chicago to face the charges.

Prosecutors charge that while living in Illinois between May 2008 and June 2013, Moriarty owned and operated First Street Capital Partners, LLC, a Delaware company with an office in Chicago, which he presented as a financial services provider; and Teton Acadia Capital Partners LLC, a Wyoming company that owned and operated sporting goods stores in Jackson, Wyoming.

The indictment alleges that Moriarty solicited investors in the two companies using false and fraudulent documentation and provided them with fraudulent and phony stock purchase agreements. He allegedly used those funds to pay for personal expenses including a $42,416 payment on a personal credit card, approximately $39,100 to a golf, hunting and fishing club, and approximately $23,000 to a boarding school in New Hampshire, according to court documents.