Former Mayor Sentenced for Defrauding Investors
Alan Baker apologized in U.S. District Court Thursday before hearing the sentence. He must also pay restitution of nearly $542,000.
Baker was serving as mayor of Strafford when he was indicted in 2002. He refused to leave office and was defeated for re-election the following year.
The indictment charged Baker with soliciting funds for an investment program from January 1998 to April 2000, claiming the program returned up to 30% each month.
Prosecutors said he failed to invest the money as promised. Baker pleaded guilty in 2003 to wire fraud. He now works for a company in Texas.
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