NEW HAVEN, Conn. (AP) _ Martin Frankel, the U.S. financier who was captured in Germany after four months on the run, pleaded innocent Monday to stealing more than $200 million from insurance companies in five states.

Frankel, 44, formerly of Greenwich, faces federal charges of racketeering, fraud and conspiracy.

He is accused of looting insurance companies in Arkansas, Mississippi, Missouri, Oklahoma and Tennessee. Regulators in those states are seeking more than $600 million in damages from Frankel in civil cases.

Three associates have pleaded guilty to related charges.

Frankel fled the United States in 1999. Four months later, he was found at a hotel in Hamburg, Germany, with nine fake passports and 547 diamonds.

He was returned to the United States earlier this month.