Le-Nature's CEO Pleads Guilty In $806M Fraud Case

Law360, New York (June 20, 2011, 2:07 PM EDT) -- Le-Nature's Inc.'s former CEO pled guilty Monday afternoon in a suit in Pennsylvania over an alleged $806 million accounting scheme at the now-defunct bottling company.

Gregory Podlucky had been fighting charges that he orchestrated the massive fraud at Latrobe, Pa.-based Le-Nature's, falsifying the company’s financials and bankrolling a lavish lifestyle. The alleged deception ended with the company's 2006 bankruptcy petition.

The defendant changed his not guilty plea to guilty, according to a Monday filing. Counsel for Podlucky was not immediately available for comment.

Podlucky's brother, Jonathan,...
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