Central Ohio Executive Resentenced In $1.9 Billion Fraud.

The sentence of a former health care financing executive has been reduced from five to four years in a $1.9 billion corporate fraud case in Ohio that federal prosecutors likened to the Enron or WorldCom scandals.

A federal judge in Columbus handed down the new sentence for James Dierker, former vice president of client development at National Century Financial Enterprises.

The 43-year-old Dierker received the five-year sentence in 2008, the lightest handed down to several defendants in the case.

A federal appeals court overturned his money-laundering convictions earlier this year and ordered him resentenced on a remaining conviction of conspiracy to commit securities fraud and wire fraud.