February
2012
Tuesday, September 29, 2009
Richard Gazarik, TRIBUNE-REVIEW, 

Former LeNature’s CEO Gregory Podlucky indicted in $806 million Ponzi scheme

Former LeNature's CEO Gregory Podlucky and four others have been indicted by a federal grand jury on charges they swindled banks and investors out of more than $800 million in what has been termed the largest fraud case in the region's history.

Podlucky, 49, of Ligonier Township was charged with tax evasion; mail, wire and bank fraud; and money laundering, according to a 29-count indictment unsealed by U.S. Attorney Mary Beth Buchanan. The indictment was delivered Sept. 17 but not made public until Monday.

Podlucky founded the Latrobe-based maker of flavored water, fruit juices and tea in 1992 and presided over it until November 2006, when it collapsed under allegations of gross mismanagement and a mountain of debt.

Also indicted were:

  • Podlucky's brother Jonathan, 35, of Hempfield, former chief operating officer of the now-bankrupt company;
  • Robert Lynn, 65, of Ligonier Township, a former vice president.
  • Andrew Murin, 53, of McDonald, Washington County, a close friend of Gregory Podlucky and a company consultant.
  • Donald Pollinger, no age available, an equipment broker from Charlotte, N.C.
Posted by Editor on 09/29/09 at 01:31 PM •  (0) Comments

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