U.S. political fundraiser gets 12 years for bank fraud

Hassan Nemazee, an Iranian-American businessman who raised money for the political campaigns of Barack Obama and Hillary Clinton, was sentenced to 12 years in prison for defrauding Bank of America Corp, Citigroup Inc and HSBC Holdings Plc out of $292 million.

U.S. District Judge Sidney Stein imposed the sentence on Thursday following Nemazee's March 18 guilty plea in Manhattan federal court to charges of bank fraud and wire fraud over loan transactions with the three major banks.

Nemazee said he needed the money to pay debts arising from his dealings in hedge funds and properties.

A picture is worth a thousand words.

April 9, 2007 fund-raiser. George Soros is to the right of the stairs.

A 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.

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* 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.

Hassan Nemazee

the money quote from Joe Biden (“If I had my way, we’d be calling him Ambassador Nemazee”): (Excerpt) Read more at redstate.com ...---------A Daily Show Two-fer: Bashing the Dems Open Thread (video - very funny) RedState.com ^ | September 26, 2009 Posted on Saturday, September 26, 2009 1:53:17 PM by khnyny http:/www.redstate.com/vladimir/2009/09/26/a-daily-show-two-fer-bashing-the-dems-open-thread/

Nemazee is also known as one of the top political donors in the United States.
During the United States presidential election, 2004, Nemazee was a supporter of John Kerry and a major contributor to his campaign. He was the New York Finance Chair for the Kerry campaign, and is currently the national finance chairman of the Democratic Senatorial Campaign Committee.[3]

With Nemazee as the national finance chair, Chuck Schumer’s DSCC in 2006 raised $115 million, outpacing the NRSC by substantial sums, and helping the Democratic Party take control of the Senate.[4]

During his presidency, Bill Clinton nominated Nemazee to fill the position of U.S. Ambassador to Argentina.[5]

More recently, Nemazee served as Finance Chairman to Hillary Clinton’s 2007-08 presidential campaign, and also donated $50,000 (the maximum amount) to Barack Obama’s Presidential Inaugural Committee.[6]

In addition, Nemazee was a bundler for the 2009 Presidential Inaugural Committee.

source http://en.wikipedia.org/wiki/Hassan_Nemazee
9 posted on Monday, September 21, 2009 7:40:45 PM by South40

Nemazee is a Board of Trustees member with the Asia Society, an organization sympathetic to the oppressive, terrorism-sponsoring Islamic fundamentalist regime of Iran. The Asia Society has gone on record as “recommending that the United States declare an end to President Bush’s ‘war on terror’ and negotiate with Taliban members willing to separate from Al Qaeda.”
-———— “Hassan Nemazee: Terrorist Sympathizer; Arrested Democratic Fundraiser’s Pro-Taliban, Pro-Iran Agenda,”
From David Horowitz NEWSREAL:2009 August 27, http://newsrealblog.com/2009/08/27/arrested-democratic-fundraisers-other-agenda/

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