Two former National Century Financial Enterprises executives found guilty of fraud and money laundering were sentenced Wednesday to more than a decade in prison, according to a Columbus Dispatch report.
Federal Judge Algenon L. Marbley sentenced Donald H. Ayers – dubbed the architect of the fraud that lead to the demise of the health care financing company – to 15 years in prison. Ronald H. Speer received 12 years, the newspaper reported.
Ayers and Speer, the first to six former NCFE executives to be sentenced, were convicted in March of conspiracy to commit securities and wire fraud, money laundering, and conspiracy to commit money laundering (“Hospital Debt Buyers Convicted of Fraud and Money Laundering,” March 17). Roger S. Faulkenberry and James E. Dierker Jr., also convicted of fraud and money laundering charges, are expected to be sentenced Thursday in U.S. District Court in Columbus, Ohio.
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