Ex-Le-Nature's CEO Deserves 20 Years For Fraud: US

Law360, New York (October 18, 2011, 3:58 PM EDT) -- Prosecutors asked a federal court Monday to hand Le-Nature's Inc. ex-CEO Gregory Podlucky a 20-year prison sentence for his role in a $668 million accounting fraud, arguing he hadn't recovered nearly as much money for creditors as he'd claimed in the firm's bankruptcy proceedings.

Podlucky pled guilty in June to tax fraud, securities fraud and money laundering, admitting he had orchestrated a massive accounting scheme at Latrobe, Pa.-based Le-Nature's, a bottling company. His sentencing hearing is scheduled for Oct. 20. A plea agreement allows for him...
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