ANCHORAGE (AP) -- Nezar ''Mike'' Maad, owner of Frontier Printing Services has been indicted on five fraud counts.
A federal grand jury on Tuesday indicted Maad, 42, on two counts of falsifying loan applications, one count of wire fraud and two counts of making false statements to the U.S. Small Business Administration in connection with a loan guarantee request, according to assistant U.S. attorney Dan Cooper.
The bank fraud charges arose from an FBI investigation into what was suspected of being a hate crime at Maad's business 10 days after the Sept. 11 terrorist attacks. Someone broke computers and printers and spray-painted ''We hate Arabs'' on one wall.
Maad is being held without bail at Cook Inlet Pre-Trial Facility.
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