NCFE CEO Sentenced to 10 years for Bribery, Obstruction of Justice

The former chief executive of National Century Financial Enterprises was sentenced Friday to 10 years in prison, but not for alleged crimes that led to the downfall of the company that financed health care providers.

Lance K. Poulsen was sentenced for his conviction on witness tampering and obstruction of justice. U.S. District Court Judge Algenon L. Marbley also fined Poulsen $17,500. Poulsen’s trial on fraud charges connected to the NCFE’s demise is scheduled for trial Oct. 1.

Federal jurors found Poulsen and his friend Karl A. Demmler guilty last March of trying to bribe the government’s key witness in the case against Poulsen.

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