Nick Guindon-Vachon appeared in court Wednesday on charges of theft and possession of stolen property.Nick Guindon-Vachon appeared in court Wednesday on charges of theft and possession of stolen property. (Facebook)

A co-founder of the Escapade Music Festival accused of stealing more than $600,000 in proceeds from the festival's ticket and liquor sales on the Canada Day weekend has been arrested and appeared in an Ottawa court Wednesday.

Nickolas Guindon-Vachon, 26, was formally charged with theft over $5,000 and possession of stolen property over $5,000, Ottawa police confirmed.

He was remanded into custody and is scheduled to appear in court again by video on Friday.

Guindon-Vachon was arrested by Aruban police in Oranjestad, Aruba. Ottawa police travelled to Aruba and brought him back to Ottawa Tuesday night.

Guindon-Vachon was a partner in DNA Presents, the company that staged the two-day electronic music festival over Canada Day weekend.

Michael O'Farrell, another partner with the company, said he and his colleagues discovered the money missing from a vault at the festival's venue, Ottawa Stadium, the day after the festival. Guindon-Vachon disappeared the same day.

Police issued a warrant for Guindon-Vachon's arrest and a rental vehicle he had used was found at Pierre Elliott Trudeau Airport in Montreal.