A venture capital exec facing insider trading and fraud charges has vanished

A former partner at Connecticut-based Oak Investment Partners is on the lam after regulators accused him of insider trading and fraud, reports Reuters' Nate Raymond.

Iftikar Ahmed was arrested back in April and criminally charged for insider trading.

He allegedly colluded with a friend whose wife was the general counsel at an India-based tire company that was planning to acquire another company.

The friend, Amit Kanodia, allegedly tipped Ahmed off before the attempted deal, and Ahmed reportedly made more than $1 million from the information.

Now he's nowhere to be seen.

The SEC says he left the country, and a federal judge in Connecticut, where Ahmed lives, granted a request to freeze his assets.

He was also facing civil charges from the SEC.

Ahmed, who is reportedly a Harvard Business School grad, faces a $5 million fine and up to 20 years in prison.

That is, if officials catch up to him.

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