Ex-CEO of Pa. drinks-maker charged in $806M fraud
September 29, 2009
Total Loss:
$700 million
A federal grand jury accused the former chief executive officer of a defunct soft-drink-maker and four others connected to the company of perpetrating an $806 million bank fraud, much of which went to the ex-CEO and his family. Gregory Podlucky, 48, of Ligonier, provided financial institutions and equipment suppliers "with dramatically false financial statements" to get equipment leases and loans for Latrobe-based Le-Nature's Inc., said U.S. Attorney Mary Beth Buchanan. She called it the "largest fraud in the history of the Western District of Pennsylvania," a 25-county area
Source:
Atlanta Business News
Posted in:
Account Takeover Identity Theft