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A trio of former executives from Security Trust Co. and Canadian Imperial Bank of Commerce pleaded innocent Monday in Manhattan criminal court to charges stemming from the mutual fund scandal, Reuters reports.

Former Security Trust President William Kenyon and CEO Grant Seeger pleaded not guilty to 98 counts of, among other charges, larceny and securities fraud. Seeger’s lawyer Frederick Hafetz said, "We will go to trial and are confident he will be vindicated at trial." Security Trust was broken up in December for its role in the scandal.

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