Friday, October 31, 2008

Trial begins for Lance Paulson

The trial for the former founder and chief executive of National Century Financial Enterprises, Lance Paulson, begins today in Columbus, Ohio. He is charged with committing $1.9 billion of corporate fraud. Forbes has more here.

He is accused of: fabricated data, moved money between accounts to hide shortfalls and misled the investors who funded his business model.

Share this article with your social network, just click below to share now!

No comments: