Rebecca Parrett, one of five former National Century Financial Enterprises executives convicted on fraud charges earlier this month, is on the lam.
Assistant U.S. Attorney Douglas Squires said that the U.S. District Court for the Southern District of Ohio in Columbus had issued an arrest warrant for her this morning. The U.S. Marshals Service in conjunction with the FBI is heading an investigation into her whereabouts. The investigation was initiated when Parrett did not report for home detention, Squires said. All the other defendants had reported and received ankle monitors, which are a condition of house arrest, he added. Parrett, 59, was an NCFE vice chairman, secretary, treasurer, director and owner. She is facing 75 years in prison and $2.5 million in fines.
I cant comment as to her whereabouts, but Im concerned for her safety and her well-being, said Parretts attorney, Gregory Peterson. He said she had significant health issues in the past that have been exacerbated by the stress and disappointment of the trial. My interest is in seeing that Becky is located and all of her needs are being met, he said.
The charges stemmed from what federal prosecutors called a scheme to deceive investors about the financial health of NCFE, and are related to the 2002 collapse of NCFE several days after FBI agents raided its Dublin, Ohio, headquarters. NCFE, at one time one of the largest healthcare finance companies in the U.S., purchased medical accounts receivable from providers who were typically on tentative financial ground. Prosecutors said that the fraud led to the bankruptcy of approximately 275 healthcare providers and cost investors more than $1.9 billion. -- by Cinda Becker