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UI Business Graduate Faces Fraud Charges

A story about businessman Lance Poulsen, owner of the $3.5 billion medical financing firm National Century, says the company is now in bankruptcy, Poulsen has resigned and cannot be found, and FBI agents have seized records and computer hard drives and servers from the company's opulent, 62,000-square-foot compound on the grounds of the Muirfield Village Golf Club in Dublin. Financial institutions that underwrote billions of dollars in National Century bonds and the bond trustees are accusing the company of perpetrating a "massive fraud" that already has bankrupted hospitals and health-care organizations from California to Massachusetts. Born in Chicago in 1943, Poulsen received a bachelor's degree from Roosevelt University, a private college in Chicago, and graduated in 1968 with a master's degree in business administration from the UNIVERSITY OF IOWA.


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