Convicted Le-Nature's CEO Ordered To Repay $661M

Law360, New York (October 26, 2011, 2:47 PM EDT) -- A Pennsylvania federal judge on Monday reportedly ordered the former CEO of bankrupt beverage maker Le-Nature's Inc. to repay $661 million in addition to serving 20 years in prison following his conviction for his role in a $668 million accounting fraud.

U.S. District Judge Alan N. Bloch ordered Gregory J. Podlucky to repay the $661 million despite the defendant's request to return only $238,687, according to the Pittsburgh Post-Gazette. Podlucky had argued that investors who would receive the restitution payment would be taken care of through...
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Related  Case: 


Case Number

2:09-cr-00279

Court

Pennsylvania Western

Nature of Suit

Date Filed

September 17, 2009

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