Two National Century Executives Face Prison

A federal judge Wednesday sentenced two former executives with a health care financing firm.

U.S. District Judge Algenon Marbly sentenced 57-year-old Randolph Speer to 12 years in prison for his role in a $1.9 billion fraud case. Judge Marbley said the prison term was enough to punish Speer and deter others from committing similar crimes.

Earlier on Wednesday, Marbley sentenced 72-year-old Donald Ayers, the company’s former chief operating officer, to 15 years in prison.

Marbley also ruled that Ayers, Speer and their co-defendants must repay billions of dollars to investors.

Ayers and Speer are two of five former executives with National Century Financial Enterprises convicted in March of defrauding investors over several years. Two other former executives will be sentenced Thursday. Former chief executive Lance Poulsen faces sentencing on Friday.

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