John Kinnucan, the Broadband Research founder who challenged authorities to arrest him for more than 18 months, pleaded not guilty to insider-trading charges and remains in custody because he’s unable to make bail.

Kinnucan was indicted Feb. 21 by a federal grand jury in New York, accused of passing inside tips in an expert network to hedge fund clients about SanDisk, OmniVision and other firms. He was arrested Feb. 16 at his home in Portland, Ore., by FBI agents.

He “befriended” employees of public technology firms, obtained non-public information from them and passed it to his fund manager clients, New York federal prosecutors allege.

US District Judge Deborah Batts said last month that Kinnucan can be released on $5 million bail, rejecting government claims he had engaged in a “campaign” of threats against prosecutors and agents handling his case.

The judge last week ordered him taken to New York to face trial.

Thomas Hester, a lawyer in Oregon who was representing him, told Batts that Kinnucan couldn’t meet bail. The next hearing is set for June 18.