Thursday, January 31, 2008

Six years later..... five executives ...but where is the sixth???

There is one executive missing ......where is he.....the mastermind of this scheme?

Associated Press - January 30, 2008 1:35 PM ET

COLUMBUS, Ohio (AP) - Six years after the collapse of a giant health care finance company, a trial is nearing for five executives accused in a $1.9 billion fraud.

Two former owners of National Century Financial Enterprises and three former executives go on trial in federal court in Columbus Monday.

Federal prosecutors say the officials conspired to defraud investors by diverting money in investors' funds and fabricating data in investor reports.

The officials are also accused of moving money back and forth between accounts to conceal investor fund shortfalls.

The government expects to call 45 witnesses when the trial begins before Judge Algenon Marbley.

The trial is expected to last six to eight weeks.

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