Former LeNature's CEO buys diamonds on company dime

Auditors of bankrupt LeNature's Inc. discovered that some of the beverage company's funds went into buying ice. Apparently the former CEO Greg Podlucky was purchasing with company funds a pair of diamond earrings from Harry Winston Inc.

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Podlucky made a $95,000 deposit on a pair of $1 million custom-made earrings from the upscale New York jeweler, according to The New York Post. Lucky for LeNature's creditors, Harry Winston hadn't started making the earrings, so the jeweler has agreed to return the deposit in court on Aug. 12. No mention of who the earrings were for, but we are guessing they're not for Podlucky to sport.

LeNature's ceased operations after several unsecured creditors put it into Chapter 7 involuntarily on Nov. 1, 2006, in the wake of allegations of massive fraud. -- Maria Woehr

See TheDeal.com: Le-Nature's estate to seek settlements OK
See Bankruptcy Insider: Le-Nature's to send plan
See TheDeal.com: Judge weighs Le-Nature's liquidation

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