Kaup was taken to an initial appearance before a magistrate in Las Vegas after his arrest. According to Bowman, Kaup is being transferred to Los Angeles, where he will appear before the same judge he skipped out on last year, Judge Margaret Morrow.
She will sentence him for his original crimes, said Bowman, and will also decide whether or not there will be additional consequences because Kaup fled.
"I am extremely grateful to CNBC and its show "American Greed: The Fugitives" that it produced on David Kaup," Joseph Hoffman, another victim of Kaup's fraud, wrote in an email to CNBC. "It truly was the 'public awareness' message that we needed to finally capture David."
"We're thrilled the FBI captured David Kaup," said Charles Schaeffer, executive producer of the program. "The goal of 'American Greed: The Fugitives' is to alert the public about these financial fugitives, not for the public to confront them but to provide tips to law enforcement to make these fugitives face justice."
"I hope he gets the maximum sentence," Armstrong said. "I'll be attending his sentencing. He's a serial scammer."
On his website, he now has words stamped across Kaup's picture: "Got Ya David!!"
—By Celia Watson Seupel, Special to CNBC
Watch the episode that led to David Kaup's arrest: "American Greed: The Fugitives #12". Check americangreed.cnbc.com for show times.