By Alexander Bolton, The Hill
Seven vulnerable Republicans face difficult decisions about whether to return contributions from a major Republican donor who was charged last week on 23 counts of bankruptcy fraud, mail fraud, money laundering, obstruction of justice and perjury.
The donor, Alan Fabian, is the CEO of the Centre for Management and Technology, a Baltimore-based company. Until last week, he was also a co-chairman of former Massachusetts Gov. Mitt Romney’s national finance committee. Fabian has since resigned his position with the Romney campaign.
A federal grand jury has indicted Fabian for allegedly making $32 million in false purchases of computer equipment to pay for his lavish spending habits. Prosecutors are seeking $32 million worth of Fabian’s assets, including beach real estate in North Carolina, property in Maryland and a yacht.
Fabian has given generously to Republican candidates in recent years. During the first six months of 2007 he gave $25,000 to the Republican National Committee and $4,600 to Sen. Elizabeth Dole (N.C.), according to the Center for Responsive Politics, a nonpartisan group that tracks fundraising.
Fabian also gave $25,000 to the National Republican Congressional Committee during the 2004 election cycle.
Romney and former New York Mayor Rudy Giuliani, both GOP presidential candidates, have decided to refund contributions Fabian made to them this year. Fabian gave $2,300 to Romney in February and $1,000 to Giuliani in June. Giuliani’s campaign wasted little time in distancing itself from Fabian.