Nat'l Century VP's Money Laundering Conviction Nixed

Law360, New York (July 28, 2010, 6:25 PM EDT) -- A federal appeals court has tossed the conviction on money laundering charges of a former National Century Financial Enterprises Inc. executive and ordered a resentencing, ruling that the government had not sufficiently made its case as to those claims.

In a decision issued Wednesday, the U.S. Court of Appeals for the Sixth Circuit upheld the majority of a jury’s verdict against former National Century Executive Vice President Roger Faulkenberry on charges of securities fraud, wire fraud and conspiracy to commit those crimes but agreed with Faulkenberry...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.