"...who the true owners of National Century were..."

"...National Century was a financier of last resort for health-care providers ..."
This is not the only function this FINANCE Company was involved with.
Is the government disclosing all of the FACTS?

"...an attorney for Lance Poulsen sparred with a government witness Wednesday over who the true owners of National Century were..."
This is very telling....REPORTERS....PAY ATTENTION!!!!

Wednesday, October 8, 2008 - 5:30 PM EDT
Poulsen’s attorney questions FBI's National Century probeBusiness First of Columbus - by Kevin Kemper
Attempting to show the government’s investigation of National Century Financial Enterprises Inc. was incomplete, an attorney for Lance Poulsen sparred with a government witness Wednesday over who the true owners of National Century were.

John Haller, Poulsen’s attorney, confronted an FBI agent who earlier told a jury that Poulsen was a primary owner of Dublin-based National Century.

Poulsen, National Century’s former president and CEO, is standing trial in U.S. District Court in Columbus on charges of conspiracy, securities fraud and wire fraud, among others.

The government has accused Poulsen of running a fraud at National Century that resulted in $2.84 billion in investor funds going missing after the company collapsed into bankruptcy in 2002.

Poulsen has pleaded not guilty to all charges.

Jeffrey Williams, an FBI agent specializing in white-collar crime, told a jury Tuesday and Wednesday about his analysis of National Century documents in which he found the company illegally advanced millions of dollars to companies owned by Poulsen and other executives at the firm during National Century’s last four years.

On Wednesday afternoon, Haller attempted to pick apart Williams’ analysis and methods.

“Your goal was to make Mr. Poulsen look as bad as possible, wasn’t it?” Haller asked.

“No,” Williams said.

“You wanted to look for improper transactions only, right?” Haller asked.

“No,” Williams said.

Haller took Williams and the jury through documents that showed seven different owners of National Century, five of which were holding companies.

Williams told Haller that he had not been aware of all the companies with ownership, but noted that some of those holding companies were owned by Poulsen and others.

Under questioning by U.S. Department of Justice Trial Attorney Leo Wise, Williams read from transcript statements made by Poulsen during his August sentencing hearing on witness tampering charges

“There is no question that NCFE was my company. No question your honor,” Poulsen is quoted as saying.

Marbley sentenced Poulsen to 10 years imprisonment on Aug. 8 after a separate jury found Poulsen guilty in March of attempting to bribe a government witness.

Haller and Williams also sparred over a transaction Williams disclosed to the jury earlier in the day. That transaction, Williams said, showed that National Century had diverted investor funds to pay for a lawsuit settlement.

National Century was a financier of last resort for health-care providers such as hospitals and urgent care centers. It purchased accounts receivable from the providers at a discount in exchange for quick cash the providers could use to pay bills. National Century then packaged the receivables as bonds which it sold to investors.

The government has alleged the investor funds were only allowed to be used to purchase accounts receivable. Defense attorneys, however, contend the government is simply misinterpreting National Century’s governing documents.