Tuesday, June 17, 2008


COLUMBUS, Ohio - A federal judge has denied a request by the founder of a failed health care financing company to delay his corporate fraud trial.

Former National Century Financial (other-otc: CYFL.PK - news - people ) Enterprises chief executive Lance Poulsen wanted his trial in the $1.9 billion fraud case moved from August to October to give him and his attorneys more time to get ready.

But U.S. District Court Judge Algenon Marbley says he's already delayed the trial three times and sees no reason for another delay.

Poulsen had argued that his trial earlier this year on a related witness-tampering charge delayed his preparation for the fraud trial.

Marbley says Poulsen's attorneys knew they'd have to balance the demands of that trial and the upcoming fraud trial.

Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed

No comments: