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Former money fund manager guilty of defrauding Maryland pension
Nathan Chapman Jr., 46, convicted on 23 counts for siphoning state pension funds to prop up his own firms. The $29 billion system lost nearly $5 million as prosecutors say he looted more than $500,000 to fund personal expenses and extramarital affairs. Chapman managed over $100 million for the retirement system from 1996 until January 2002. sentencing set for November 1.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Nathan Chapman Jr
Chapman
U.S
Thomas DiBiagio
DiBiagio
Supreme Court
William Martin
Martin