Authorities said Page responded to social media enquiries in June by saying that donated funds were only used for "movement-related" expenses, not for "personal items".
But the FBI alleges that a debit card linked to the bank account was used for food, dining, entertainment, clothing, furniture, a home security system and a home purchase, and no expenditures related to social or racial injustice efforts could be identified.
32-year-old Page, who has also found success as a model, and his organisation were highly visible in local racial justice marches and protests over the summer, the Toledo Blade reported.
A friend and fellow Hi-Frequency Ohio member, Ron Goolsby, said the home was being set up to house domestic abuse victims and he expected Page to be exonerated.
Page was arraigned late Friday afternoon and released on a US$10,000 unsecured bond, but was barred from using Facebook or any fundraising or from opening lines of credit or banking accounts without permission.
A message was sent Saturday to his attorney seeking comment.
- Associated Press