Category: News

Le-Nature’s President Gets Fifteen-Year Sentence for Fraud

The Pittsburgh Post-Gazette reported that former Le-Nature’s president Robert B. Lynn was sentenced to 15 years in prison for his role in the company’s financial fraud. Tammy Andreycak, the accounting director whose cooperation with federal agents was key for the prosecution, was sentenced to five years in prison.

AES Eastern Energy Files for Bankruptcy Protection

AES Eastern Energy Limited Partnership and 13 affiliated entities filed petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware. Barclays Capital is serving as investment banker and financial advisor.

PICPA, IMC Appoint Beane Associates Professionals

Beane Associates announced that Christopher H. Todd was appointed to the Cooperation with the Bar and Other Professionals Committee of the Pennsylvania Institute of Certified Public Accountants, and Millard D. Brown II was named program chair for the Atlanta chapter of the Institute of Management Consultants USA.

Prospect Provides $91.1 Million for Five Investments

Prospect Capital provided $31.1 million of senior secured debt to VanDeMark Chemical. Separately, Prospect provided $8 million of senior secured debt to a provider of non-destructive testing services, and also provided $52 million in secured financing to three separate existing portfolio companies.