Ex-National Century Execs Sentenced In Fraud Case

Law360, New York (August 6, 2008, 12:00 AM EDT) -- Two former high-ranking executives of National Century Financial Enterprises Inc. were sentenced to a total of 27 years in prison Wednesday for their roles in the collapse of the health care finance company that cost investors $1.9 billion. Both had been facing essentially life terms in prison.

Judge Algenon Marbley of U.S. District Court for the Southern District of Ohio sentenced Donald H. Ayers, 72, a former co-owner and vice president of the company, to 15 years in federal prison on one charge of conspiracy, six...
To view the full article, register now.