Foreclosures during the Great Recession added to thousands of blighted properties in Columbus. But, a state program helped fund demolition of many of those houses and apartment units.
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.