Reply #23: Columbus Ohio - Sentencing scheduled for National Century’s Missing 'Bird'

[DemReadingDU]

3/13/09 National Century's Parrett to be sentenced in absentia

A convicted executive on the run from the law will be sentenced in absentia towards the end of the month.

Rebecca Parrett, co-founder and former vice chairwoman of Dublin-based National Century Financial Enterprises Inc., will be sentenced in U.S. District Court in Columbus March 27 on nine counts of fraud, money laundering and conspiracy. She is facing up to 75 years in prison.

A jury convicted the 60-year-old Parrett and four other executives in March 2008 of planning and executing a nearly decade-long scheme at National Century that defrauded investors out of nearly $2 billion. After her conviction, Parrett was allowed to return to her home in Carefree, Ariz., to await sentencing. She used the opportunity to escape, and federal law enforcement has been searching for her ever since.

The U.S. Marshals launched a Web site in January dedicated to her capture, rebeccaparrett.com.

Parrett’s hearing is one of three National Century-related sentencings scheduled for March 27. U.S. District Judge Algenon Marbley also will hand down punishments for former National Century CEO Lance Poulsen and Karl Demmler, a longtime Poulsen friend. They were convicted of fraud and witness tampering, respectively.
http://columbus.bizjournals.com/columbus/stories/2009/03/09/daily42.html


link backwards to previous articles...
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3780657&mesg_id=3780727