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Two Final Defendants Sentenced to Prison in Le-Nature’s Fraud

April 27, 2012, 06:30 AM
Filed Under: Fraud
Related: Fraud

The Pittsburg Post-Gazette reported the son and wife of former Le-Nature's Inc. CEO Gregory J. Podlucky were sentenced to nine and four years in prison, respectively, ending the criminal cases associated with the Latrobe beverage maker's collapse.

According to the article, the crimes involved the sale of $2.9 million in diamonds and sapphires and transferring of ill-gotten assets among shell companies after the 2006 bankruptcy of Le-Nature's. Both the son and the mother blamed the crimes on Gregory J. Podlucky, the former Le-Nature's CEO who is serving 20 years in prison for defrauding banks and short-changing the IRS. U.S. District Judge Alan N. Bloch did not let them off the hook.

The article also reported that the judge will decide next month whether to grant the prosecution's motion for the forfeiture of $1.4 million in Podlucky family accounts, and whether to impose a fine of a similar amount against the family members.

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