Saturday, July 12, 2008

'Nation’s largest case of private-sector fraud'......

Then why isn't anyone paying attention?


National Century defendants to be sentenced in July
Monday, June 30, 2008 9:03 AM
By Jodi Andes

THE COLUMBUS DISPATCH
Five National Century defendants will soon find out the price they will pay for their roles in the nation’s largest case of private-sector fraud.

Federal Judge Algenon L. Marbley has set sentencing dates for four defendants convicted in March and a fifth who previously pleaded guilty.

All were convicted in connection with crimes that led to the collapse of National Century Financial Enterprises.

The Dublin-based company – which bought accounts receivable from health-care providers, collected those debts and kept a percentage in return – went into bankruptcy with investors losing $1.9 billion.

The sentencing dates in U.S. District Court in Columbus are:

Donald H. Ayers, 72, 9 a.m. July 21.

Randolph H. Speer, 57, 1:30 p.m. July 21.

Roger S. Faulkenberry, 47, 9 a.m. July 22.

James E. Dierker Jr., 40, 1:30 p.m. July 22.

Jon A. Beacham, 41, 9 a.m. July 23.

Rebecca S. Parrett, 59, who disappeared while awaiting sentencing, remains on the lam.

Lance K. Poulsen, 65, National Century’s former president, is set for trial on Aug. 4.

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