Judge gives printer 6 months for fraud

Anchorage business owner to appeal

Posted: Friday, May 24, 2002

ANCHORAGE - Businessman Nezar "Mike" Maad was sentenced Thursday to six months in federal prison for bank and wire fraud.

Maad's attorney said he plans to appeal the sentence.

The sentence came eight months after Maad's Anchorage business was damaged in what police suspected was a hate crime arising from the Sept. 11 terrorist attacks. The charges against Maad arose from the investigation into the damage at the now-closed Frontier Printing Services.

U.S. District Judge James Singleton Jr. also sentenced Maad to six months in an Alaska halfway house and ordered him to pay about $300,000 in restitution.

Maad, 43, was convicted by a federal jury in February on two counts of falsifying loan applications, one count of wire fraud and two counts of making false statements to the government.

Frontier Printing closed in December, three days after Maad was arrested.

Maad and his wife, Joanne, received widespread sympathy after someone damaged equipment at their print shop and wrote "We hate Arabs" on a wall.

During that investigation, authorities discovered evidence that Maad had defrauded banks and the government.

No charges have been filed with regard to the print shop damage. But assistant U.S. attorney Dan Cooper said the Maads are suspects in the case, along with others.

During the trial, Cooper said Maad lied about his finances to get a $242,000 loan from Northrim Bank that was guaranteed by the Small Business Administration. Cooper said Maad also lied on a financial statement faxed to a leasing company in Georgia.

Cooper said Maad made false statements on the SBA application by failing to reveal his 1986 bankruptcy filing and two shoplifting convictions.

Federal defender Rich Curtner said Maad never intended to mislead anyone. He blamed the discrepancies on carelessness and a lack of accounting savvy on Maad's part.



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