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...
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