The Pittsburgh Post-Gazette reported that two figures in the criminal case stemming from the collapse of Latrobe-based bottler Le-Nature’s pleaded guilty at hearings in which a prosecutor added new details of a scheme that he said siphoned hundreds of millions of dollars from a host of financial institutions.

The news story said that Jonathan E. Podlucky who was the chief operating officer at Le-Nature’s agreed to serve a five-year sentence. Also agreeing to serve a similar sentence was Donald K. Pollinger who was accused of signed fraudulent documents that he knew Le-Nature’s would use to fool auditors and thus set the stage for massive loans.

The story notes that Le-Nature’s completed, with Wachovia Bank as lead lender, a financing package including a $20 million revolving credit agreement and a $265 million term loan. LeNature’s was forced into bankruptcy in 2006 amid allegation of wrongdoing by its principals.

Gergory Podlucky, who served as CEO of Le-Nature’s, and executives Andrew J. Murin, Jr. and Robert B. Lynn are scheduled for trial on July 5, 2011.

To link to full text of Post-Gazette news story,
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