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Note: The following text is a quote: Hassan Nemazee Pleads Guilty in Manhattan Federal Court to $292 Million Bank Fraud PREET BHARARA, the United States Attorney for the Southern District of New York, announced that HASSAN NEMAZEE pleaded guilty today to charges of defrauding Bank of America, N.A. ("BofA"), Citibank, N.A. ("Citibank"), HSBC Bank USA, N.A. ("HSBC"), and a longtime friend and business associate of a total of more than $290 million in loan proceeds. NEMAZEE entered his guilty plea before United States District Judge SIDNEY H. STEIN in Manhattan federal court. According to the superseding Information, filed today, to...

For your Saturday morning viewing enjoyment… The first clip is Stewart’s take on Dem fundraiser Hassan Nemazee, with the money quote from Joe Biden (“If I had my way, we’d be calling him Ambassador Nemazee”):

A Colorado man faces charges that he helped a wealthy Democratic fundraiser cheat banks out of hundreds of millions of dollars. Federal prosecutors said Friday that Shahin Kashanchi, of Telluride, provided fake documents that let his brother-in-law Hassan Nemazee defraud three banks of more than $290 million. Nemazee was the national finance chairman for Hillary Clinton's 2008 presidential campaign. He later raised money for Barack Obama.

NEW YORK (Reuters) - Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday. The announcement follows last month's indictment of Nemazee, head of a private equity firm and an Iranian American Political Action Committee board member, on one count of defrauding Citigroup's Citibank. The new indictment adds allegations that he defrauded two other banks, Bank of America and HSBC Bank USA, in a similar fashion by falsifying documents and signatures to...

A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last week with defrauding Citigroup also defrauded other banks, U.S. prosecutors said. The allegations against fund-raiser Hassan Nemazee—arrested last week on a bank fraud charge and released on $25 million bail—were not formal charges but were in a letter dated Tuesday from prosecutors to a Manhattan federal court magistrate judge handling the case. Nemazee, 59, head of a private equity firm, was accused on Aug. 25 of one count of bank fraud for seeking a fraudulent $74 million loan from Citigroup's banking unit. He said after his...

NEW YORK (AFP) – A prominent Democratic fundraiser charged with defrauding Citibank to the tune of 74 million dollars and quickly returning his ill-gotten gains, engaged in yet another fraud to do so, prosecutors said Wednesday. New York financier Hassan Nemazee was charged August 25 with using fake documents to secure a 74 million dollar loan from Citibank. At the time, the authorities said that Nemazee, 59, promptly returned the funds. But in a letter to federal Judge Michael Dolinger in New York, prosecutors say his apparent contrition was faked, alleging that he all he really did was scam a...

A wealthy investment banker and prominent fundraiser for President Barack Obama, Hillary Clinton and other top Democrats was arrested Tuesday on charges he lied to get a $74 million business loan that -- once confronted by authorities -- he hastily repaid. Prosecutors accused Hassan Nemazee of giving Citibank documents showing he owned millions of dollars in collateral. They said the documents were "fraudulent and forged." A Clinton spokesman didn't immediately return an e-mail message seeking comment. The chairman and chief executive of Manhattan-based Nemazee Capital Corp. served as national finance chairman for Hillary Clinton's presidential campaign in 2008, and later...

President Clinton reacts to applause as he finishes speaking to potential donors and Democratic National Committee members at a dinner in 1997 at the Mayflower Hotel in Washington. Hassan Nemazee, right, a lead Democratic fundraiser, was arrested on charges he fraudulently requested a loan from Citigroup. (AP Photo/Ruth Fremson)Hassan Nemazee, chairman of Nemazee Capital Corp. and a fundraiser for President Obama and Hillary Clinton, was arrested on charges that he tricked Citigroup Inc. into lending him as much as $74 million using phony documents. Nemazee got the loan by telling Citibank that he held accounts with hundreds of millions of...

Hassan Nemazee, a multimillionaire Iranian-American investment banker and top Democratic Party fundraiser, was arrested today by federal law enforcement authorities in New York City and charged with engaging in criminal fraud for his role in arranging a $74 million dollar loan from Citibank, Bloomberg reported. U.S. Attorney Prett Bharara in New York City and FBI investigators told Dow Jones Newswires the 59-year-old Namazee applied for the Citibank loans for Nemazee Capital Corp. by giving Citibank "numerous documents that purported to establish the existence of accounts in Nemazee's name at various financial institutions containing many hundreds of millions of dollars." According...

NEW YORK CITY (BNO NEWS) -- Hassan Nemazee, CEO of Nemazee Capital and former Finance Chairman to Hillary Clinton's presidential campaign, was arrested and charged with bank fraud on Tuesday, prosecutors said. According to officials, Nemazee engaged in a fraudulent scheme to induce Citibank to lend him up to $74 million based on false representations that he owned millions of dollars in collateral. Nemazee submitted numerous documents that purported to establish the existence of accounts in his name at various financial institutions containing many hundreds of millions of dollars. In fact, those were fraudulent and forged documents, according to the...

NEW YORK, Aug 25 (Reuters) - The U.S. attorney in New York on Tuesday charged a New York investor and major Democratic fund-raiser with a $74 million scheme to defraud Citigroup Inc (C.N). Hassan Nemazee, 59, was charged with one count of bank fraud, and faces up to 30 years in prison plus a fine. His lawyer Marc Mukasey, a former federal prosecutor, did not immediately return a call seeking comment. Nemazee was a national finance chair of U.S. Secretary of State Hillary Clinton's 2008 presidential campaign, and a supporter of John Kerry's run for the White House in 2004....

Name That Party: Alleged Fraudster Was Finance Chair for Hillary Clinton, John Kerry By Ken Shepherd Created 2009-08-25 13:53 Gabriel Malor at Ace of Spades HQ has a great "name that party" catch today [1]. Malor noted that at least three major news outlets all failed to note the high-powered Democratic Party ties of one Hassan Nemazee, a businessman arrested this morning on a charge of bank fraud against Citigroup: Do you know what's not in the CNN article [2]?* Or this Reuters one [3]? Or this AP one [4]? A crucial detail from Nemazee's bio: [5] National Finance Chair...

With an endorsement of sorts from George Bush, Hillary has now rounded up about all the big names and moneybags in Washington politics. The President predicts she will get the Democratic nomination, and everything seems to be going her way. Never has the adjective "golden" found a more apposite noun to modify than "Ms. Clinton." The woman has always had an affinity for gold. You can trace her appetite for bling back to her Arkansas days, when she was a partner in the Rose Law Firm. Questions arose about her billing clients, which have not yet been satisfactorily answered. Nor...

Hillary's Mystery Money MenRuss Baker & Adam Federman Thu Oct 18, 2:04 PM ET The Nation -- In the Clintons' pursuit of power, there is no such thing as a strange bedfellow. One recently exposed inamorata was Norman Hsu, the mysterious businessman from Hong Kong who brought in $850,000 to Hillary Clinton's campaign before being unmasked as a fugitive. Her campaign dismissed Hsu as someone who'd slipped through the cracks of an otherwise unimpeachable system for vetting donors, and perhaps he was. The same cannot be said for the notorious financier Alan Quasha, whose involvement with Clinton is at least...

The Rockefellers and Iran: Jay Rockefeller’s Reversal and the Iranian-American LobbyBy Fedora In 1979, Rockefeller representatives launched an unsuccessful operation to lobby the Carter administration in support of the Shah of Iran, who was seeking safe haven in the wake of a coup by Islamic revolutionaries. Codenamed Project Alpha, the operation was spearheaded by Chase Manhattan Bank Chairman David Rockefeller and former Secretary of State Henry Kissinger, with support from oil lobby lawyer John McCloy. Although Project Alpha won the support of National Security Advisor Zbigniew Brzezinski, it met opposition from Secretary of State Cyrus Vance and failed to win...

After their bitter campaign 2004 experience with the Swift Boat Veterans for Truth, John Kerry and his fellow Dems aren't waiting to be shot at again.Yesterday, aides to Sens. Kerry, Hillary Clinton, Joe Biden and Ted Kennedy jumped all over literary mugger Jerome Corsi, co-author of the Kerry-bashing best seller "Unfit for Command." They knocked him to the ground and kicked him in the face (metaphorically, anyway) over his next Democrattrashing tome, "Atomic Iran: How the Terrorist Regime Bought the Bomb and American Politicians." The book - which Nashville's Cumberland House Publishing won't release till next month - claims Democratic...

John Kerry's Fellow TravellersA 5-part series exposing John Kerry's Communist connections.Part 4: Subversion in the Senate: Kerry's Communist ConstituencyBy Fedora *NOTE: The term "fellow traveller" as used in this article series refers to someone who is not a member of the Communist Party (CP) but regularly engages in actions which advance the Party's program. Some apparent fellow travellers may actually be "concealed party members": members of the CP who conceal their membership. Which of these classifications is applicable to the Kerrys is a question this series leaves unresolved. This series does not argue for any direct evidence of Richard or...

This is an overview of the emerging campaign finance scandal involving the Kerry campaign and lobbyists for the terror-supporting regime in Iran. At the center of the controversy is one Hassan Nemazee, listed as a Vice-Chair by the Kerry campaign, and identified by CBS News as having raised more than $500,000 for the campaign. Nemazee has served on the Board of the American Iranian Council, the Iranian American Political Action Committee (IAPAC), and the Asia Society, all of which favor negotiations with the mullahs' regime and eventual normalization of relations with Iran. A group of Iranian-Americans formed the Student Movement...

Under oath, Sen. John Kerry's chief Iranian-American fund-raiser repudiated the presidential candidate's policy of accommodation toward Tehran, declaring the Islamic regime should not be trusted with nuclear materials. Hassan Nemazee, 54, a New York investment banker and former board member of a pro-Tehran lobby, delivered a one-hour deposition today in New York City in a $10 million defamation lawsuit against Aryo Pirouznia, leader of the Student Movement Coordination Committee for Democracy in Iraq. Nemazee charges Pirouznia with defamation of character for accusing him of being an Iranian government agent. In a countersuit, Pirouznia contends that supporters of the cleric-led regime...

The chairman of a pro-Iranian democracy group is charging that the campaign of Sen. John Kerry has been accepting political contributions from a lobbying group promoting the agenda of the mullah rulers of Iran. Aryo Pirouznia, leader of the Student Movement Coordination Committee for Democracy in Iraq (SMCCDI) says that backers of the regime in Tehran are channeling hundreds of thousands of dollars to the Kerry campaign. During a press conference in Washington on Thursday, Pirouznia identified several individuals who have close ties to the Democratic presidential candidate. The most prominent of them is Hassan Nemazee, a New York investment...