Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
 SECTION: NEWS OF PENNSYLVANIA
Search The Web:
DOMAIN NAMES
AS LOW AS $2.99 / YR.
LeNature Executive Indicted
Tuesday, 29-Sep-2009 5:24PM United Press International
USTINET NEWS

 » Front Page

 » Top Stories

 » U.S. News

    Government

    Focus U.S.A.

    The White House

    U.S. Politics

    Social Issues

    Local Editions

 » World

 » Politics

 » Business

 » Sports

 » Health

 » Tech/Science

 » Living/Entertainment

 » Off Beat Stories

 » News Photos

 » Weather


Special Editions

 » Iraq & Conflict

 » Israel/Palestine

 » Crimes & Laws


MultiMedia

 » Interactive Features

 » News Photos


POLL: Your Opinion

 » What Do You Think




LATROBE, Pa., Sept. 29 (UPI) -- Federal authorities have charged five LeNature executives and advisers with defrauding U.S. banks and investors of $800 million.

SAVE MONEY ON TRAVEL DEALS

Authorities indicted former Chief Executive Officer Gregory Podlucky; his brother, former Chief Operating Officer Jonathan Podlucky; former vice president Robert Lynn, consultant Andrew Murin and equipment broker Donald Pollinger with various counts of fraud designed to inflate the value of the company, which made flavored water and collapsed in November 2006, the Pittsburgh Tribune-Review reported Tuesday.

"We believe the LeNature's fraud is the largest fraud that's ever occurred in the Western District of Pennsylvania, " U.S. Attorney Mary Beth Buchanan said.

"This was a very complex scheme in that it involved multiple financial institutions", she said.

She said records were forged to make the company appear "as a successful, growing business", when its sales were all but non-existent, the newspaper said.

- - - - - - - - - - - - - - - - - - - -
Related News Topics:

High-priority business news
News of Pennsylvania
Banks and S
Fraud, embezzlement, white collar crime
News covering industry
News of crimes

 BREAKING STORIES

NWS expects flooding in Pa, W.Va.

Jihad Jane had troubled past, records show

Investigators to probe Roethlisberger case

Target sued over trunk used as toy box

Bank sued over 'invasive' repossession

Musk Oxen decline due to climate change

Families sue serial killer for damages

Study looks at nanoplankton extinction

Oldest mammalian genome is sequenced

11 minutes enough to remember Westbrook's 8 years of brilliance

Feds investigate school's webcam policy

Carbon monoxide sickens 34 worshippers

Study: Restaurant workers heavy smokers

Snow shoveling not for those 45 and older

Viruses lure insects to infected plants

EDITORIAL: Hands-free applause

Police: Suspect used needles in robberies

Flu season worse for those with asthma

Officer sues Amtrak over foot shooting

Supreme Court throws out ruling for Abu-Jamal

Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
Home :: My Page :: My WebMail :: My Calendar :: My Portfolio :: Chat :: Help Center :: Sign In :: Sign Out

MY.USTI.NET PORTAL  -  © 1996 - 2004 USTINET CORPORATION. ALL RIGHTS RESERVED.
Please see our Privacy Policy, Security Guarantee, Terms of Use for additional information.