Maryland businessman pleads guilty in ‘massive’ fraud

Maryland businessman Alan Fabian, a major Republican Party player, pleaded guilty Friday in what prosecutors call a $40 million fraud scheme, one of the largest in state history.

Fabian, 43, declined to comment as he left U.S. District Court in Baltimore City, where dozens of his supporters watched the Cockeysville resident plead guilty to mail fraud and filing a false tax return in a scheme to defraud businesses, banks and financial institutions.