Monday, March 17, 2008

told investors "absolutely nothing" about National Century's practices of advancing cash to Memphis, Tenn.-based Medshares, a home-health care provide

Associated Press - February 21, 2008 12:05 PM ET

COLUMBUS, Ohio (AP) - A former executive of a failed health care finance company says the company withheld financial information from its investors.

Sherry Gibson testified Thursday in federal court in the government's securities fraud case against five former owners and executives of National Century Financial Enterprises.

The government alleges the five schemed to defraud investors of $1.9 billion.

Gibson told jurors she told investors "absolutely nothing" about National Century's practices of advancing cash to Memphis, Tenn.-based Medshares, a home-health care provider.
She said other top officials, including those on trial or facing similar charges, also misled investors.

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