Roger Faulkenberry, 47, sentenced executive vice president who raised money from investors at National Century Financial Enterprises, to 10 years

Roger Faulkenberry, 47, sentenced a former executive vice president who raised money from investors at National Century Financial Enterprises, to 10 years in prison.James Dierker, 40, the company's former vice president of client development, received the lightest of four sentences handed down over two days: five years in prison. Marbley and government prosecutors agreed that Dierker was the least culpable of five defendants that went to trial.The four former executives with National Century were convicted in March of defrauding investors over several years. The men said they were innocent and their lawyers argued the government had shown only a fraction of the company's activities in making their fraud case.<br />A fifth defendant, Rebecca Parrett, fled in March while on bond following her conviction and has not been found. The FBI was issued a warrant for her arrest.<br />On Wednesday, Marbley sentenced Randolph Speer, 57, the company's former chief financial officer, to 12 years in prison. Donald Ayers, 72, the company's former chief operating officer, was sentenced to 15 years in prison.Marbley also ordered three of the defendants -- Ayers, Speer and Faulkenberry -- to repay $2.4 billion to investors, or the total amount of money lost through the alleged fraud. The $1.9 billion figure is what the government proved at trial.<br />Dierker must repay $48 million, the amount of money lost by the companies he dealt with.Lance Poulsen, the company's founder and chief executive officer, faces his own trial in October. On Friday, he is scheduled to be sentenced for his March conviction on charges he tried to bribe a witness.National Century was a health care financing company based in suburban Columbus. Prosecutors said executives authorized millions in unsecured loans to the health care providers, then misled investors about the loans.As the money owed to the company mounted, National Century declared bankruptcy in November 2002.National Century offered financing to small hospitals, nursing homes and other health care providers by purchasing their accounts receivable, usually for 80 or 90 cents on the dollar, so the providers wouldn't have to wait for insurance payments. National Century then collected the full amount of the payments.

Roger Faulkenberry, 47, sentenced executive vice president who raised money from investors at National Century Financial Enterprises, to 10 years

Roger Faulkenberry, 47, sentenced a former executive vice president who raised money from investors at National Century Financial Enterprise...

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