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« Ethical » rating of National Century Financial Enterprises Inc
, group
and subsidiaries
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Fraud 1
| [click on the rating for the method or on the number for the data]
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Shareholders
Business & market
Subsidiaries
Locations & production
year name | photo position; compensation source |
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year | financial misdemeanor | | | | | source |
2008 |
Lance Poulsen, National Century Financial Enterprises Inc.'s former chief executive officer, led a ``staggering'' fraud in which investors lost more than $2 billion when the company collapsed, a prosecutor told jurors. Poulsen cheated investors who bought National Century bonds and believed they backed the purchase of unpaid insurance bills from medical providers that needed cash, Justice Department Trial Attorney Leo Wise told federal jurors yesterday in Columbus, Ohio. Instead, National Century advanced $2.2 billion to six companies in which Poulsen owned a stake, Wise said in closing arguments. |
| | | |   | | Bloomberg |
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year | financial misdemeanor | sales | income | assets | buyback | source |
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