Ex-Le-Nature's CEO Argues For Lenient Fraud Sentence

Law360, New York (October 17, 2011, 4:21 PM EDT) -- The former CEO of bottling company Le-Nature’s Inc., facing up to 20 years in prison for a $668 million accounting fraud, asked a Pennsylvania federal judge for leniency Thursday because he helped recover assets for creditors in the company’s bankruptcy.

Gregory Podlucky argued in a brief that his cooperation with the liquidation trustee in Le-Nature's bankruptcy — particularly information he provided to prosecutors that caused several former Wachovia Securities LLC entities to withdraw claims — should be factored into the length of his sentence. The defense...
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