Fitch Inc.'s grueling month-long investigation into healthcare receivables company National Century Financial Enterprises Inc. (ASR 5/22/00), brought about by three anonymous letters and two federal lawsuits containing allegations of fraud against the company, is not quite finished yet, but so far there is no proof that any of the allegations are true, according to Kevin Duignan of Fitch.

"Based on our extensive analysis and numerous discussions with all the various parties involved - including NCFE, their investment bankers, the auditors, a significant equity investor in NCFE, Lincoln Hospital, and a number of other parties, we have found nothing to lead us to believe that the allegations in the letters are true," Duignan said. "That's where we are at this point."

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