The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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Previous Posts
11/03/2008
Former National Century CEO Gets Convicted
Lance Poulsen... Come on Down!

For your role in defrauding your investors of $2.9 billion, you have been found guilty of fraud, conspiracy and money laundering.

Tell him what he's won Roddy!

Well, Bob, sentencing has yet to take place, but Lance is looking at up to thirty years behind bars. This is on top of the current ten year sentence he's serving after being caught trying to bribe a key witness.

-- MDT

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1 Comments.
Anonymous Alex Ksaid...
Anything illegal gets punished, right? A proven anecdotal handed down from generation to generation: one good deed gets good karma and vice- versa.If there’s a crime, there’s imprisonment waiting or so there is. Lance Poulsen isn't going to need a cash advance loan ever again. He won't need one because Lance Poulsen is going to be in prison for the rest of his life, in all likelihood. The 65 year old was convicted of corporate fraud, and after being handed a ten year sentence several years ago, has had another 30 years tacked onto the time he already has. His associates Karl Demmler, convicted of bribery, and Rebecca Parrett have also been convicted and sentenced, although Parrett has been a fugitive for months. Parrett and Poulsen are both liable for about $3 billion in restitution. However, it will take Lance Poulsen a long time to make that in license plates.
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