pushes back trial of former company executive James Happ to Dec. 1......

Why the PUSHBACK for James Happ?
That is the BILLIONS,UPON BILLIONS of Dollar Question!!
WAKE UP!!!



Events in $1.9 billion Ohio corporate fraud case
By The Associated Press

Published on Wednesday Aug 06, 2008

Some events in the history of the $1.9 billion fraud case against National Century Financial Enterprises, based in the Columbus suburb of Dublin:

1991: Businessman Lance Poulsen founds National Century, a health care financing company that provides financing to medical providers such as nursing homes and small hospitals by buying their short-term debt with money raised from investors.

1995-2002: According to federal prosecutors, the company provides unsecured loans to health care providers and misleads investors about the loans.

November 2002: The company declares bankruptcy after the FBI raids its offices as part of a government investigation.

August 2003: Sherry Gibson, a friend of Poulsen who rose through the company ranks from secretary to executive vice president of compliance, pleads guilty to conspiracy to commit wire and securities fraud.

July 2007: A federal grand jury indicts seven former executives of the company, including Poulsen, with multiple counts of conspiracy, wire and securities fraud and money laundering.

December 2007: A grand jury indicts Poulsen and acquaintance Karl Demmler on charges of trying to bribe Gibson to change her testimony at Poulsen's upcoming fraud trial.

January: U.S. District Court Judge Algenon Marbley grants Poulsen's request to have his own fraud trial in August.

February: Five remaining defendants go on trial before Marbley: Donald Ayers, James Dierker, Roger Faulkenberry, Rebecca Parrett and Randolph Speer.

Prosecutors allege the five engaged in a massive cover-up by lying to investors, fabricating data and loading false information onto a company computer system. Defendants said the government used incorrect definitions in looking at the company's books and took the company's activities out of context by showing jurors only a tiny slice of National Century's operations.

March 13: A jury finds all five defendants guilty. Marbley allows the five to remain free pending sentencing.

March 26: A jury convicts Poulsen and Demmler of conspiracy, witness tampering and obstruction of justice for trying to bribe Gibson.

March 27: Marbley issues an arrest warrant for Parrett after the government says she disappeared.

April 2: U.S. Marshals arrest Ayers, Dierker, Faulkenberry and Speer after the government says it uncovered a plot under which the four would flee to Aruba if convicted.

April 3: Marbley refuses to allow Dierker and Faulkenberry to go free pending a full hearing on the government's plot allegations.

April 4: Speer attorney files letter from Poulsen lawyer Pete Anderson adamantly denying Poulsen is source of plot allegation.

April 14: Marbley denies request by Ayers and other defendants to wear civilian clothes at hearing on plot allegations.

April 17: Marbley orders Dierker released on bond pending sentencing but says the three other defendants, whom he dubbed a "leadership cabal," must stay behind bars.

July 11: Marbley agrees to delay Poulsen's corporate fraud trial to Oct. 1. Marbley also pushes back trial of former company executive James Happ to Dec. 1.___