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Rebecca Parrett, former NCFE executive
Parrett

NCFE fugitive Parrett ordered to begin 25-year sentence


By Shawn Rhea
Posted: December 24, 2010 - 11:00 am ET
Tags:

A federal judge has ordered Rebecca Parrett, a former healthcare financing company executive, to begin serving the 25-year prison sentence she received in absentia last year for her role in a $2.3 billion fraud that bankrupted hundreds of healthcare providers, according to news reports.

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Parrett, 62, along with five other former executives of National Century Financial Enterprises, was convicted of the securities-fraud scheme in March 2008. But before she could be sentenced, Parrett fled to Ajijic, Mexico, where—according to statements made by the judge during her Thursday hearing in Columbus, Ohio—she was often seen out partying. “You fled in an utter disregard for the justice system,” U.S. District Judge Algenon Marbley told Parrett during the court appearance.

Parrett was deported from Mexico to the U.S. in October and was immediately arrested by U.S. marshals upon her return to the U.S. Judge Marbley's order for Parrett to begin serving her sentence brings to end an eight-year legal odyssey, during which time Parrett spent 31 months on the lam.

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