Christopher Farrell, a contestant in Lord Sugar's Apprentice, will find out in December whether he is to be charged with fraud, police have said.
The mortgage broker's bail has been extended until December 8 pending a decision from the Crown Prosecution Service.
A Devon and Cornwall Police spokesman said: "Christopher Farrell has been further released on police bail to attend Charles Cross police station in Plymouth on December 8 pending a charging decision by the Crown Prosecution Service."
The 29-year-old, from Plymouth, was originally arrested in August and it is understood the allegation relates to making a false representation via cheque or card.
He has so far avoided hearing Lord Sugar's infamous words "Your Fired" in the current series of the BBC show.
His Apprentice profile says he claims to show no emotion, likes to be pushed and as a former Royal Marine is not afraid to give people a "kick up the backside".
A keen golfer and health and fitness fanatic, he also claims to be "focused and driven".
He told BBC executives: "I've been to the other side of things where friends lose legs, lose limbs, so I know I'm lucky to be where I am.
"I was a sniper in the Royal Marines and I take that killer instinct across into business."
The Apprentice candidate's fraud arrest emerged on the eve of the start of the current series when it was also revealed that he has a weapons conviction, which he did not disclose to TV producers.