Posted on 08/25/2009 11:18:30 AM PDT by lainie
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.
He typically donates more than $100,000 annually to Democratic political candidates, including Senate Majority Leader Harry Reid and Senator Charles Schumer, and sits on the board of the Iranian American Political Action Committee .
Bill Clinton, when he was president, nominated Nemazee to be U.S. ambassador to Argentina.
Prosecutors said Nemazee, the chairman and chief executive of Nemazee Capital Corp, sought to induce Citigroup's banking unit to lend up to $74 million based on fraudulent and forged documents suggesting that he had hundreds of millions of dollars of accounts available as collateral.
They said Nemazee also provided Citigroup with fake references so that when the bank would try to confirm details about his accounts, it would actually be contacting him. The scheme lasted from December 2006 to this month, the prosecutors said.
Prosecutors said federal agents stopped him on Sunday at Newark Liberty International Airport as he prepared to board a flight to Rome, and that he repaid a more than $74 million loan to Citigroup the following day.
(Excerpt) Read more at reuters.com ...
Looking in at the party of elites through the farmhouse window, the common animals can no longer tell which are the pigs and which are the human beings.
His connection to Barry is?
The fall guy?
Duh. He's clearly not the same Hassan Nemazee that Barack knew.
The Failed Democratic Party©
Hassan Nemazee
Moo-slime
Yeah? Did the “journalist” doing this story find any Obama connections, or is that forbidden in the New Hussein World Order?
Sorry. My bad. I see it mentioned. Still, if this were Bush, the headline would read “BUSH MONEY MAN CHARGED!”
:)
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