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,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Related  Case: 


Case Number

2:09-cr-00279

Court

Pennsylvania Western

Nature of Suit

Date Filed

September 17, 2009

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.