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Friday, December 30, 2011

Nathan Chapman Set For Release

Figure at center of pension scandal imprisoned 41/2 years

Nathan A. Chapman Jr., the once-prominent money manager whose fraudulent investments in his own companies caused a scandal for Maryland's public employee pension system, is scheduled to be released from federal custody Friday after serving 41/2 years.

Chapman, convicted by a federal jury in 2004 on 23 counts of fraud and filing false tax returns, was most recently assigned to an undisclosed halfway house run out of Annapolis Junction, according to a Bureau of Prisons website.

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