Feds seize property after $32 mil indictment

Published August 10, 2007 4:00am ET



A yacht, three luxury cars and beachfront property will be seized from a Cockeysville man indicted Thursday in an alleged $32 million fraud scheme.

A federal grand jury indicted Alan Fabian, 43, in the scheme, which Maryland?s U.S. Attorney called one of the largest in state history. Fabian is charged with mail and bankruptcy fraud, money laundering and perjury.

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