NEW YORK -- Another former executive of Monster.com was charged Wednesday with securities fraud in connection with that company's past backdating of stock options scandal.

James Treacy, the former Chief Operating Officer, was charged with backdating millions of employees' stock option grants, U.S. Attorney Michael Garcia said.

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Investigators said the scheme took place between 1997 and 2005 and as a result the company's expenses were underreported by more than $300 million. Postal Inspectors said Treacy and other former Monster officials lied to outside auditors and signed false and misleading financial statements. Treacy received more than a million options and allegedly made more than $13 million in illegal profits.

Evan Barr, Treacy's lawyer, denied the allegations against his client.

"Mr. Treacy is completely innocent of these charges and looks forward to being vindicated at trial," Barr said.

Treacy could not be reached for comment. He is scheduled to be arraigned in U.S. District Court in Manhattan Wednesday afternoon. The Securities and Exchange Commission is also filing a civil complaint against Treacy as well as former Controller Anthony Bonica in connection with the backdating investigation.

Monster.com's former General Counsel Myron Olesnyckyj pleaded guilty last February. Law enforcement officials said the investigation into Monster.com's former executives continues.