Ryan Grafe, 20, and Michael Floyd, 19, were booked into the Clay County Justice Center Sunday in connection with a burglary in progress.
According to officials, an anonymous caller reported finding a broken window and a "familiar" male subject who "did not belong" at a friend's residence. The male was seen fleeing into a wooded area.
Members of the Clay County Sheriff's Department and the Indiana State Police canvassed the area, speaking with neighbors to obtain a description of the male, an alleged vehicle he entered and a description of the driver of the vehicle.
As a result of the investigation, officials located Grafe and Floyd at their respective homes and were ultimately discovered stolen property from the residence.
The two suspects appeared in court Wednesday to each be formally charged with class B felony burglary and class D theft charges and four class A misdemeanor charges, including criminal trespass, criminal mischief, possession of marijuana and possession of paraphernalia.
Appearing before Clay Superior Court Judge J. Blaine Akers, Grafe entered a not guilty plea, was appointed a public defender and had a jury trial tentatively set for Jan. 4, 2009. Bond was set at $25,000 with 10 percent allowed and a no contact order was established for the victim.
Jail officials confirmed late Tuesday that both men remained incarcerated to await further court proceedings.