 In 1997, Fabri-Centers settled for $3.3 million on Federal charges that it had misled investors in 1992 by overstating its earnings before it sold securities.CEO Alan D. Rosskamm, grandson of Hilda and Berthold Reich, settled a related administrative complaint as well.In 1998, Fabri-Centers acquired "House of Fabrics", which also previously operated as "Fabricland", "Fabric King", and "So-Fro Fabrics".