National Century Exec's Sentence Cut In $2.4B Fraud Suit

Law360, New York (November 30, 2011, 10:39 PM EST) -- An Ohio federal judge Wednesday lowered from five years to four the sentence of a former executive involved in a scheme to deceive investors about the financial health of National Century Financial Enterprises Inc., the health care finance company whose 2002 collapse cost investors $2.4 billion.

U.S. District Judge Algenon Marbley cut the sentence of James E. Dierker, National Century's former associate director of marketing and client development, following the Sixth Circuit's reversal of Dierker's conviction on three money-laundering counts in April.

The Sixth Circuit remanded...
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