Fabian files for bankruptcy

The Baltimore Sun

Alan Brian Fabian, who reported for a nine-year prison term Monday for a lengthy fraud scheme, filed for bankruptcy on New Year's Eve. The Hunt Valley man is facing a possible restitution order in the millions to repay the businesses and individuals he conned. Here are some of the details from the 92-page filing and other paperwork:

1 - Number of ponies Fabian lists as transferred assets

9 - Years Fabian will spend in federal prison

30 - Lawsuits in which Fabian was, or is, a defendant

$20 - Amount Fabian estimates his two dogs are worth

$40 - Cash Fabian has on hand

$150 - Maximum amount of restitution Fabian says he can afford to pay per month after being released from prison

$1,500 - Fabian's current monthly income (from real property)

$24,812 - Fabian's current monthly expenditures (includes a $17,546 mortgage payment and $520 for cable and Internet access)

$30,000 - Estimated value of the Holy Land jars Fabian and his wife own

$39,168 - Amount Fabian's now-defunct "Centre for Management and Technology" owes Cordish Co. in back rent for office space next door to the National Aquarium

$1,765,792 - Amount Fabian's obsolete business owes private jet company Netjets Aviation Inc.

$2,788,964 - Wages Fabian says he earned from 2005 through 2007

$3,395,000 - Value of Fabian's Hunt Valley home

$3,693,175 - Fabian's assets

$40,162,634 - Amount the federal government says Fabian owes in restitution to his victims

$52,067,169 - Fabian's debts

Corrections A caption on a Business Maryland page yesterday incorrectly identified a photo of Maryland U.S. Attorney Rod J. Rosenstein as Alan Brian Fabian. A photo of Fabian appears at left. The Baltimore Sun regrets the errors.
Copyright © 2021, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad
32°