Duff & Phelps Credit Rating Co. (DCR) and Fitch IBCA recently have launched an investigation into the financial records and activities of healthcare receivables company National Century Financial Enterprises Inc. (NCFE) in response to a series of anonymous letters received separately by both DCR and Asset Sales Report.

The three letters, apparently sent by the same author to DCR analyst Jeff Orr over the span of one year, received separately by ASR two weeks ago, contain allegations and tips implying that NCFE is involved in a pattern of fraudulent activity connected with either non-existent or misappropriated receivables.

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