Ex-CEO Seeks Lighter Sentence In Le-Nature's Fraud Suit

Law360, New York (September 23, 2011, 7:18 PM EDT) -- With his sentencing hearing looming, Le-Nature's Inc.’s former CEO petitioned a Pennsylvania federal judge Thursday to decrease the damages estimate for his role in an alleged $668 million accounting scheme at the now-defunct bottling company. 

Gregory Podlucky pled guilty in June to charges he orchestrated the massive fraud at Latrobe, Pa.-based Le-Nature's, falsifying the company’s financial records and bankrolling a lavish lifestyle. The alleged deception ended with the company's 2006 bankruptcy petition.

Prosecutors claim Podlucky and several co-conspirators allegedly lied to investors and lenders about the...
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