Lance Poulsen... Come on Down!
For your role in defrauding your investors of $2.9 billion, you have been found guilty of fraud, conspiracy and money laundering.
Tell him what he's won Roddy!
Well, Bob, sentencing has yet to take place, but Lance is looking at up to thirty years behind bars. This is on top of the current ten year sentence he's serving after being caught trying to bribe a key witness.
Labels: guilty, Lance Poulsen, National Century
Convicted they were, and with sentencing for their role in the nearly two billion dollar fraud
at hand, news of their planned escape leaked out.
Consequently, National Century execs James Dierker, Roger Faulkenberry, Donald Ayers and Randolph Speer were all re-arrested
and will remain behind bars, cooling their heels until their sentencing date two weeks from now.
Another National Century exec scheduled for sentencing, Rebecca Parrett
, is currently in the wind. It was her failure to appear that ultimately led to the return to jail for her co-horts.
All this international intrigue sounds more like the style of former National Century CEO and man of mystery, Lance Poulsen
... I guess he rubbed off a little bit on his executive team?
Poulsen's own trial starts in August
if you're wondering.
Labels: Flee, Lance Poulsen, National Century, Rebecca Parrett
Call it the sleeper corporate fraud...National Century Financial Enterprises
never got the publicity of a WorldCom, Health South or Enron. But there's nothing minor about the $1.5 billion fraud allegedly perpetrated by company executives prior to National Century's fall in 2002 (the firm declared bankruptcy in 2004).
Two former National Century owners and three execs go on trial Monday in Columbus, Ohio
. One exception is former CEO Lance Poulsen
. His fraud trial starts in August. But before then he'll have to answer to charges of witness tampering. That trial starts in March.
Here are a few more case-related stats via the AP
Labels: Fraud, Lance Poulsen, National Century, trial