Family Of Bankrupt W. Pa. Soft Drink CEO On Trial

By: Associated Press
By: Associated Press

PITTSBURGH (AP) -- The wife and son of the former head of a bankrupt soft drink maker have gone to trial on money laundering
charges.

The Pittsburgh Post-Gazette reports that the trial of Karla S. Podlucky and G. Jesse Podlucky began Monday in western Pennsylvania. That's less than two weeks after former Le-Nature CEO Gregory Podlucky was sentenced to 20 years in prison for masterminding the scheme.

Podlucky's wife and son are charged with buying gold, sapphires
and even patio furniture with proceeds stolen from the company,
then trying to sell them through a New York auction house. They've
pleaded not guilty.

Authorities say the bankrupt Latrobe beverage maker got $800 million in loans by inflating earnings reports. They say $33 million of that was siphoned off to buy jewelry for Karla Podlucky.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 132970043 - wtvy.com/a?a=132970043