Sopranos star Jamie Lynn-Sigler's ex-husband A.J. Discala  is free on a $2 million bail in a stock fraud case. A.J. Discala was freed by Brooklyn Federal Court in New York. 

The federal indictment charged Discala with overseeing a $300 million scheme to manipulate the stock share prices. Discala was charged along with six co-conspirators. Prosecutors say they made money at the expense of investors, many of whom were elderly retirees.

Abraxas (A.J.) Discala was indicted for allegedly running a stock pump-and-dump scheme. His bid for bail was nearly derailed when prosecutors in the case objected to future meetings with Google and Microsoft executives. Prosecutors said that deal may also be an alleged scam.

Assistant US Attorney Walter Norkin said "We have concerns that this is a continuation of the fraud."

Discala's lawyer, Joe Tacopina, said "If they can help him find a job, we'd be agreeable to that. I don't know how employable he is right now."

Discala  agreed to wear an electronic ankle bracelet to monitor his movements, but says the charges shouldn't stop him from attending business meetings while on bail. 

Discala asked the court to let hnm continue his business dealings with companies like Google and Microsoft.

OmniView Capital Advisors CEO A.J. Discala, who was Sigler's former manager, pleaded not guilty to stock fraud. Discala is facing federal charges that he ran a scheme to manipulate stocks. The investors involved in the scheme, including a startup company that was advised by former New York Governor David A. Paterson, claim they have lost as much as $50 million. Discala is under house arrest on $2 million bail.

According to reports, The ex-husband of former "Sopranos" sweetheart Jamie-Lynn Sigler ran a $300 million pump-and-dump stock swindle. Discala was arrested last week in Nevada. Prosecutors claim Discala alleged artificially inflated shares of shaky stocks which he then sold to unsuspecting investors before the securities tanked.

Judge Joan Azrack ruled that Discala would be confined to his home.

Discala is the ex-husband of Jamie Lynn Sigler, the actress who played Meadow Soprano on The Sopranos, the HBO gangster show classic. 

Abraxas Discala is now remarried and has a 7-week-old daughter.