By Tricia Bishop
Baltimore Sun
BALTIMORE — Alan B. Fabian, a politically connected Hunt Valley entrepreneur, was sentenced today to nine years in prison for a multimillion-dollar mail and tax fraud scheme.
Prosecutors say he inflicted “losses of millions of dollars on numerous people and institutions” and is a “persistent white collar criminal.”
Fabian, 46, was convicted of mail and tax fraud this spring in Baltimore U.S. District Court, shocking nearly everyone who knew him. According to federal prosecutors, Fabian stole up to $40 million, in part through a complex computer lease-back scheme that entangled his own companies, those that he worked for and even his nonprofit, the Centre for Management and Technology.
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