A federal grand jury has indicted a Alan B. Fabian, a Baltimore corporate executive, over allegedly running a scheme that made $32 million in false purchases of computer equipment.

According to prosecutors, Fabian’s alleged scheme defrauded his former employer, the government consulting company Maximus Inc., as well as an equipment leasing company called Solarcom.

Fabian has presented himself as a successful entrepreneur, who started an activity-based cost and information technology consulting company which was later sold to Maximus in 2000. While at Maximus as an executive he supposedly made fraudulent sale-leaseback transactions for purchasing computer hardware and software. Prosecutors allege the equipment was either never purchased or much cheaper products were purchased. His arraignment is scheduled for Sept. 28. Read more about it in Forbes.

Commentary: In business over the years we have noticed that sometimes the people who are bragging most about their success are the ones whose success is based upon fraud and false pretenses. Sadly, that could be the case there. What many people did not realize that Fabian was also the campaign finance co-chair for the presidential campaign of Mitt Romney. And yes, he did resign from that position as well.