SAN JOSE - Three men facing federal charges stemming from an alleged Ponzi scheme based in Scotts Valley pleaded not guilty last week.

John Geringer and Christopher Luck of Scotts Valley, as well as Keith Rode of Franklin, Wis., were indicted last month by a federal grand jury. The three were partners in an investment company called Geringer, Luck and Rode LLC, which managed an investment fund called GLR Growth Fund. Geringer was the managing partner.

In the criminal complaint, federal authorities allege GLR defrauded its investors, receiving more than $60 million from investors and then diverting half of the money to the three men and private companies in which they held an interest.

The three men face multiple charges for "engaging in a scheme, plan and artifice to defraud investors" and obtain money through fraudulent pretenses.

All three pleaded not guilty to the charges in federal court in San Jose on Thursday. They're due back in court Feb. 7 for a bail bond hearing.

There also is a pending civil suit against Geringer and his companies filed by the U.S. Securities and Exchange Commission. There is a pending motion filed by the federal agency to amend that complaint to add Rode and Luck as defendants, court records show.