Probation release granted in $1.9B Ohio fraud case

COLUMBUS, Ohio (AP) — A federal judge has approved an early release from probation for a former Ohio health care financing executive convicted in a $1.9 billion corporate fraud case in Ohio that federal prosecutors likened to the Enron or WorldCom scandals.

Defendant James Dierker (DIRK’-er) is a former vice president of client development at National Century Financial Enterprises. He was halfway through three years of court-ordered supervision following his release from prison last year.

Columbus federal judge Algenon Marbley on Wednesday granted a request by Dierker’s attorney for the early probation release.

Dierker received a four-year sentence for a conviction of conspiracy to commit securities fraud and wire fraud. It was the lightest sentence handed down to several defendants in the case involving the company in Dublin, in suburban Columbus.

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