Baltimore exec pleads guilty to massive fraud

BALTIMORE (AP) - A Cockeysville man pleaded guilty yesterday in federal court to duping a Georgia computer services company into spending $32 million on nonexistent computer servers and software before leasing them back to him.

Fabian, who then worked for an equipment leasing broker, used false invoices and wire transfer receipts to trick Norcross, Ga.-based Solarcom Inc. into believing he had purchased millions in computer equipment and software, according to a statement of facts. Then he would sell those nonexistent products to Solarcom and...