Le-Nature's CEO Made $28M Off Ill-Gotten Jewels: Feds

Law360, New York (February 11, 2011, 1:50 PM EST) -- The embattled former CEO of Le-Nature's Inc. has been accused of auctioning off $28 million in gold and jewels purchased with money looted from his bankrupt bottling company, which allegedly defrauded investors and lenders of $806 million.

Gregory Podlucky, 50, was already awaiting trial on charges that he used $800 million in loans to Le-Nature's to purchase the extravagant goods when federal prosecutors filed new charges of conspiracy and money laundering against him Tuesday in the U.S. District Court for the Western District of Pennsylvania....
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