PITTSBURGH (AP) — A federal jury delivered guilty verdicts Thursday against the last defendant in an $856 million fraud case involving a bankrupt western Pennsylvania water bottler.
The jury found Robert Lynn, 67, a former vice president of Le-Nature's Inc., guilty of 10 counts of bank fraud, wire fraud, and conspiracy relating to the company's operations, U.S. Attorney David Hickton said in a statement. He was acquitted on other counts or the jury couldn't reach a verdict.
Lynn, of Ligonier, and others were accused of bilking lenders out of $856 million. The Latrobe-based water bottler went bankrupt in 2006.
"The Le-Nature's fraud was the largest financial fraud in the history of the Western District of Pennsylvania," Hickton said. Five other defendants have pleaded guilty in the case.
Jurors heard two weeks of testimony. Lynn is scheduled for sentencing Dec. 1. The maximum sentence he faces is 220 years in prison and a $2.5 million fine.