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Latest Business News

Former National Century Execs Convicted

Friday, March 14, 2008 6:06:03 AM
By ANDREW WELSH-HUGGINS

COLUMBUS, Ohio (AP) - Five former executives of a health care company were convicted Thursday in a $1.9 billion fraud scheme that prosecutors likened to large white-collar crime cases like Enron or WorldCom.

The executives worked for National Century Financial Enterprises, described as the nation's largest health care financing company before its 2002 bankruptcy.

The five — some of the company's highest ranking executives — were convicted of multiple counts of conspiracy, wire and securities fraud, and money laundering.


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