A federal judge in Columbus has sentenced the founder of Dublin-based National Century Financial Enterprises to 30 years in prison for corporate fraud. Lance Poulsen was convicted in October on 12 counts of securities fraud, wire fraud and money laundering. Two other former NCFE executives were also sentenced.
Cancer survivor and multiple Tour de France champion Lance Armstrong is holding a Live-strong Summit in Columbus. The event began last night with Armstrong hosting a presidential town hall meeting on cancer. Republican candidate John McCain attended the meeting. Democrat Barack Obama did not because he’s traveling in Europe.
Seven former executives of a bankrupt Dublin firm will be arraigned this morning in federal district court in Columbus. The charges include conspiracy, securities fraud and money laundering. They’re accused of participating in a $3 billion accounting scheme at the now-defunct National Century Financial Enterprises.