New chapter in NCFE saga. SEC's civil fraud charges against executives at failed firm offer cold comfort for the hospitals, physicians hurt by the debacle.
Trouble revisited National Century Financial Enterprises last month, when the Securities and Exchange Commission sued four former execs for the accounting fraud that caused the financial firm's collapse in 2002. The investigation worries some, but others, like Kathy Patrick, left, an attorney representing former NCFE investors, says there is "legitimate business to be done in the purchase of healthcare receivables."
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D002202:Capital Financing / Q000331:legislation & jurisprudence*; D003132:Commerce / Q000331:legislation & jurisprudence*; D004469:Economics, Hospital; D004470:Economics, Medical; D035082:Federal Government; D005607:Fraud / Q000331:legislation & jurisprudence*; D014481:United States; D037041:United States Government Agencies