COLUMBUS, Ohio — A former Ohio State Buckeye football player and another man have been accused of defrauding their company's investors and diverting their money for personal use.

A federal grand jury has indicted Preston Harrison, of Lewis Center, and Thomas Jackson, of Powell, on counts that include wire fraud and money laundering. Harrison's wife also faces federal charges.

Jackson's attorney says he plans to plead not guilty. 

Harrison was a quarterback at Ohio State in the early 1990's.  He was drafted by the San Diego Chargers but never saw action on the field.

Federal authorities say the men engaged in a scheme to deceive investors in their Westerville company about the sports drink OXYwater. The men operated Imperial Integrated Health Research and Development LLC, which developed the beverage.

Authorities claim as a result of the defendants' alleged conduct between August 2010 and spring 2013, investors lost approximately $9 million.