Monday, March 17, 2008

Five other former executives at National Century were convicted

Associated Press - March 16, 2008 12:24 PM ET

COLUMBUS, Ohio (AP) - A Port Charlotte man who once headed a failed health care financing company is heading to court this week to face charges of witness tampering.

Prosecutors say Lance Poulsen proposed paying a government witness a half million dollars if she forgot details of their interaction at National Century. Poulsen also is accused of masterminding a $1.9 billion accounting scheme at his former company.

Five other former executives at National Century were convicted last week on fraud charges. Poulsen's federal witness tampering case begins Monday. His conspiracy, fraud and money laundering trail is in August.

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