Former Mayor Sentenced for Defrauding Investors

1 decade 2 years 1 month ago Wednesday, April 05 2006 Apr 5, 2006 Wednesday, April 05, 2006 1:06:41 PM CDT April 05, 2006 in News

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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