SEATTLE -

The CEO of a Kennewick-based biofuels company had pitched a promising technology to convert household trash into diesel fuel.

But Michael Spitzauer, of Green Power Inc., is now facing federal charges he schemed to defraud investors who entered into joint ventures with the company to build waste-to-fuel plants around the world.

Spitzauer pleaded not guilty in federal court in Yakima last month to charges of wire fraud, aggravated identity theft and money laundering.

He is being held without bail, but is seeking release from federal custody pending trial. A hearing is set Thursday.

Spitzauer's attorney, Christopher Black, declined to comment on the charges. He says his client does not present a flight risk and is not a danger to the community.