A 50-year-old California man accused of sexually assaulting a 17-year-old girl on Kauai appeared at his arraignment at Fifth Circuit Court Tuesday.

Jason H. Freskos, chief executive officer and owner of Sequoia Mortgage Capital, pleaded not guilty to a charge of first-degree sexual assault before Judge Randal Valenciano.

Freskos’ attorney, Thomas Otake, requested Freskos be allowed to travel to and from California where he lives, works and has shared custody of his two children, ages 14 and 11.

Deputy Prosecutor Keola Siu requested Freskos’ $100,000 bail be revoked or alternatively increased to $5 million because of concerns that Freskos may attempt to contact the teenage girl or seek sexual relationships with other minors.

Valenciano granted Freskos to travel within the U.S. and ordered him to surrender his passport to his attorney while the case is pending. The judge also ordered him to appear at all court appearances that require his presence and not have any contact with the girl.

A trial date is expected to be set shortly. Freskos remains free after posting $100,000 bail.

First-degree sexual assault is a class A felony that is punishable by up to 20 years in prison.

The alleged assault occurred on Aug. 5 on Kauai.

Court documents indicated Freskos first met the girl via Tinder and “began to have an intimate sexual relationship with her in exchange for food, shelter and clothing.”

In California, the age of consent is 18 unless they are married. Freskos has shown intent “to commit crimes by having sexual relationships with minors,” Siu said in a court document he submitted seeking bail revocation.

Prosecutors charged Freskos with first-degree sexual assault. He was released from custody Aug. 7 after posting $50,000 bail.

Siu asserted Freskos immediately began to send messages to the girl soon after his release in attempt to convince her to fly back to California with him, suggesting he was going to propose to her. “It is clear the defendant was attempting to interfere with the orderly administration of justice by flying her back to California so that she could no longer cooperate with the investigation,” he said in court documents.

In mid-August, a Kauai grand jury returned an indictment against Freskos, charging him with first- degree sexual assault involving the girl.

A $100,000 bench warrant was issued and authorities arrested him at his Marin County home in Califonia four days later.

According to a court filing by Freskos’ attorney, a judge at his extradition hearing in California released him from custody so he could return to Kauai to turn himself in. Otake said Freskos already had purchased a ticket to return to the island prior to his arrest on the bench warrant.

He turned himself in on Aug. 26.