John Snoble, former chief financial officer at defunct healthcare financier National Century Financial Enterprises, pled guilty Wednesday to federal money laundering charges, according to the Department of Justice. To view the DOJ's relese CLICK HERE. Snoble is the third executive to plead guilty and cooperate fully with prosecutors in the case. Under the deal, Snoble faces up to five years in prison. In late 2004 former compliance officers Sherry Gibson and Brian Stucke (see ASR 12/15/03) pleaded guilty to conspiracy charges, and agreed to cooperate fully with the government investigation. Former CEO Lance Poulson has yet to be charged in the case.
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