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National Century Financial Enterprises Inc

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BUSINESS
December 4, 2002 | From Bloomberg News
National Century Financial Enterprises Inc., a health-care company financing firm that filed for bankruptcy protection last month, is being investigated by the Securities and Exchange Commission, said a company spokesman. The SEC contacted the Dublin, Ohio-based firm last week.
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BUSINESS
January 25, 2003
National Century Financial Enterprises Inc., which provides financing for health-care providers, said it would halt operations in the next few months because its debts are too large to allow it to emerge from bankruptcy protection. Jean-Marie Messier, former chief executive of Vivendi Universal, resigned from the board of the New York Stock Exchange. Messier joined the board of the exchange in 2001 when he was running Vivendi, which is listed on the NYSE.
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BUSINESS
January 25, 2003
National Century Financial Enterprises Inc., which provides financing for health-care providers, said it would halt operations in the next few months because its debts are too large to allow it to emerge from bankruptcy protection. Jean-Marie Messier, former chief executive of Vivendi Universal, resigned from the board of the New York Stock Exchange. Messier joined the board of the exchange in 2001 when he was running Vivendi, which is listed on the NYSE.
BUSINESS
December 17, 2002 | Dennis Walters, Bloomberg News
A bankruptcy filing by a Los Angeles hospital that relied on financing from National Century Financial Enterprises Inc. leaves future payments on almost $19 million in municipal debt in doubt, a trustee for bondholders said. Granada Hills Community Hospital, which borrowed from National Century this year, filed for bankruptcy protection Nov. 26, and monthly principal and interest payments haven't been met since September, a Dec. 2 notice to investors from U.S. Bank said. The notice said U.S.
BUSINESS
December 17, 2002 | Dennis Walters, Bloomberg News
A bankruptcy filing by a Los Angeles hospital that relied on financing from National Century Financial Enterprises Inc. leaves future payments on almost $19 million in municipal debt in doubt, a trustee for bondholders said. Granada Hills Community Hospital, which borrowed from National Century this year, filed for bankruptcy protection Nov. 26, and monthly principal and interest payments haven't been met since September, a Dec. 2 notice to investors from U.S. Bank said. The notice said U.S.
BUSINESS
November 19, 2002 | From Bloomberg News
National Century Financial Enterprises Inc., which sold at least $3.35 billion of bonds to help finance health-care providers, filed for bankruptcy protection Monday after investors balked at extending credit. The bankruptcy filing comes two days after the FBI raided the Dublin, Ohio-based company's offices. National Century's collapse may limit the ability of more than 100 health-care firms to meet expenses. Large investors such as Newport Beach-based Pacific Investment Management Co.
BUSINESS
November 1, 2008 | The Associated Press
Lance Poulsen, former chief executive of National Century Financial Enterprises Inc., was convicted Friday of defrauding investors of $2.9 billion before his healthcare financing company collapsed in 2002. A federal jury in Columbus, Ohio, found Poulsen guilty of fraud, conspiracy and money laundering. Poulsen, 65, cheated investors who bought National Century bonds to back the purchase of unpaid insurance bills from medical providers that needed cash, prosecutors said. The company advanced $2.
BUSINESS
May 23, 2006 | From Reuters
A federal grand jury has indicted the former chief executive and six other high-ranking executives at National Century Financial Enterprises Inc., a failed healthcare finance company, in connection with a $3-billion fraud, prosecutors said. The 60-count indictment, unsealed Monday, accuses the defendants, including former Chief Executive Lance Poulsen, of lying to investors about how their funds would be used. The charges include conspiracy, fraud and promotion of money laundering.
BUSINESS
December 4, 2002 | From Bloomberg News
National Century Financial Enterprises Inc., a health-care company financing firm that filed for bankruptcy protection last month, is being investigated by the Securities and Exchange Commission, said a company spokesman. The SEC contacted the Dublin, Ohio-based firm last week.
BUSINESS
November 19, 2002 | From Bloomberg News
National Century Financial Enterprises Inc., which sold at least $3.35 billion of bonds to help finance health-care providers, filed for bankruptcy protection Monday after investors balked at extending credit. The bankruptcy filing comes two days after the FBI raided the Dublin, Ohio-based company's offices. National Century's collapse may limit the ability of more than 100 health-care firms to meet expenses. Large investors such as Newport Beach-based Pacific Investment Management Co.
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