ANCHORAGE (AP) -- A fund set up in Anchorage out of sympathy for an Arab print shop owner is being dissolved.
The $50,000 or so that remains in the Not In Our Town Fund will go to the United Way of Anchorage, the fund's management committee said Tuesday.
The fund was prompted after Nezar ''Mike'' Maad's business, Frontier Printing Services, was damaged days after Sept. 11 and ''We hate Arabs'' was spray-painted on a wall. The city-supported fund raised nearly $75,000, which was intended to help Maad rebuild his business and pay employees.
The police and FBI investigation into the shop damage led to a probe of Maad's financial records and resulted in him being arrested and charged with fraud. Maad was convicted last month by a federal jury of bank fraud, wire fraud and lying to the government. He is scheduled to be sentenced May 9.
Late last year, Maad received about $15,000 from the fund. The payout was requested as a loan.
About $7,000 in refunds have been issued since Maad's arrest in December.
Peninsula Clarion ©2014. All Rights Reserved.