The Federal Bureau of Investigation on 13 June arrested former hedge-fund manager Kris Bortnovsky in Bal Harbour Village, Florida, after federal prosecutors reinstated an insider-trading prosecution they had abandoned three years ago. The Justice Department accuses Bortnovsky of participating in a scheme that generated roughly $4 million in illicit gains and of obstructing the government’s investigation. The original case collapsed in 2022 when a key witness retracted an agreement to testify, forcing prosecutors to dismiss the charges. With new evidence and the witness issue resolved, authorities revived the indictment and moved quickly to detain Bortnovsky. He is expected to make an initial court appearance in federal court in Miami, where prosecutors will outline the updated allegations.