SALISBURY, N.C. -- After a standoff Saturday evening, Salisbury police arrested a man who set up elaborate schemes to defraud friends and investors of more than $2.3 million, Lt. Greg Beam said.

A federal judge issued an arrest warrant for John Knox Bridges on Friday after he failed to show up for his federal sentencing hearing.

Police searched the Maupin Avenue ARP Church after receiving a call at about 6:45 p.m. from a church member saying Bridges car was parked outside. Officers found him in a bathroom. Bridges was armed, but surrendered peacefully at about 6:45 p.m. after talking with officers and requesting his mother be brought in, Beam said.

Bridges pleaded guilty to securities fraud and money laundering last February. In 2009, the Observer reported on allegations that Bridges made off with money from North Carolina fresco artist Ben Long, the Minnesota-based Lindbergh Foundation and the N.C. Transportation Museum in Spencer.

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