New Delhi, July 19 -- A former chief executive of two clothing technology companies was released on $1 million bail Friday after pleading not guilty to charges alleging she cheated investors of over $300 million over the past six years.

Christine Hunsicker, 48, of Lafayette, New Jersey, was charged with six counts, including fraud, aggravated identity theft and false statement charges in the indictment in Manhattan federal court.

U.S. Attorney Jay Clayton said in a release that Hunsicker forged documents, fabricated audits and made material misrepresentations about her company's financial condition to defraud investors in CaaStle Inc. and P180.

The indictment said Hunsicker, once portrayed as an on-the-rise fashion entrepreneur, portra...