U.S. Charges Accomplice Of Democratic Fund - Raiser (Worth saying again "Democratic Fund - Raiser")

ny times ^ | 9/25/2009 | reuters

[tobyhill]

Many of the fake documents used by a leading Democratic Party fund-raiser to defraud HSBC and Citigroup Inc were made by his brother-in-law, U.S. prosecutors said on Friday.

Authorities arrested and charged Shahin Kashanchi, brother-in-law of indicted fund-raiser Hassan Nemazee, who donated to the presidential campaigns of Barack Obama, Hillary Clinton and other leading Democrats over the years.

Nemazee pleaded not guilty on Wednesday in Manhattan federal court to defrauding a total of three banks -- Bank of America was the other -- out of $292 million in loan proceeds.

"Based on e-mail traffic between Kashanchi and Nemazee, Kashanchi was regularly producing what Kashanchi referred to as the 'normal quarterly statements' for one of the non-existent collateral accounts, among other things," the office of the U.S. Attorney in New York and the FBI said in a statement.

"Kashanchi would simply create phony account statements designed to look like real account statements, but bearing account numbers for accounts that did not exist and reflecting balances that purported to establish Nemazee's great wealth."

[ridesthemiles]

Does ANY bank have ANY kind of screening process before they lay out millions in loans?

[ridesthemiles]

Does ANY bank have ANY kind of screening process before they lay out millions in loans?

[tobyhill]

They need to just ask one question, “Democrat?”. That’s automatically a high risk loan.

[Westbrook]

Shahin Kashanchi ...
Hassan Nemazee ...

Moslems defrauding banks to finance DemonRATs.

Imagine that.

[2111USMC]

No kiddin’.

If I’d known it was that easy, I’d be living in grand style somewhere in the Swiss Alps.

[Renderofveils]

Hassan Nemazee, who donated to the presidential campaigns of Barack Obama, Hillary Clinton

Boy, they go out of their way to not mention that HE WAS IN CHARGE of HILLARY's CAMPAIGN FINANCES, WORKING for Kerry's campaign. "Oh, he was just a donor." #$^&ing Slimes.

[Renderofveils]

Oops, just realized I parsed that incorrectly. Hassan’s the Donkey. His brother-in-law’s just a common crook.

[dalebert]

obama is hearing himself talk on tv again about g20 meeting...looks like he sold us south with some deal about international banking

[dalebert]

dont think so...how did they make all those bad loans

[Liz]

Candidate Obama at fund-raiser at Steven and Judy Gluckstern’s home, April 9, 2007.
George Soros is seated to the right of the stairs. (Photo: Michael Edwards)

STROLL DOWN MEMORY LANE Obama came to town to deliver a speech at a charity dinner for "children in poverty" at the pricey, exclusive Mandarin Oriental Hotel----but also to pursue another, less high-minded, but more momentous, objective: to begin the process picking Hillary Clinton’s pocket.

The conference room belonged to George Soros. After talking to Soros for an hour about his 2008 bid for the White House, Obama walked down the hall and found assembled a dozen of the city’s heaviest-hitting Democratic fund-raisers: investment banker *Hassan Nemazee, Wall Street power Blair Effron, private-equity hotshot Mark Gallogly, hedge-fund manager Orin Kramer. Most had been big-time John Kerry backers in 2004. Most had a connection to the Clintons. All were officially uncommitted for 2008.

* Charges of fraud, dated September 2, 2009 stated that "Hassan Nemazee to obtain a $100 million loan, represented to HSBC that he had $89 million in Treasury Notes, with a current market value of more than $125 million, in a specified brokerage firm account; submitted a supposed agreement from the brokerage firm with forged signatures, false addresses, and false telephone numbers; used a mail drop; and submitted fabricated brokerage statements."

Nemazee defrauded a total of three banks--- including Bank of America---- out of $292 million in loan proceeds.

[piasa]

Good thing for the Democrats all this is coming out in the middle of a nationwide terrorist sting and the G-20 summit, eh?

[piasa]

JANUARY 10, 2009 : (REPORT : BANKS, MONEYLAUNDERING & IRAN) Ten international banks, including British-based Lloyds laundered “billions of dollars” for Iran through New York banks, Manhattan District Attorney Robert Morgenthau announced Friday. According to a report in the New York Daily News, the scheme helped Iran turn its dirty money into greenbacks, which it could then use to buy goods prohibited by international sanctions.(Excerpt) Read more at in.news.yahoo.com ...——— Ten of world’s top banks laundered money for Iran ,” ANI via Yahoo News ^ | 10 January 09 | Unknown

[Cindy]

Ditto that.