Former kicking boxing world champion Dennis Alexio and his wife were arrested Thursday for theft of public money, filing false tax returns, wire fraud and money laundering.
The accused charges happened over the last five years.
Alexio is also accused of using false documents to purchase hundreds of thousands of dollars of gold bars.
The couple has pleaded not guilty.
Alexio's wife Anitalei has been released on $25,000 bail. Alexio remains in custody. Prosecutors are fighting to keep him behind bars saying he is a flight risk.
Alexio is scheduled to appear in court on Monday for a detention hearing.