Posted on 09/19/2009 9:26:42 PM PDT by grey_whiskers
NEW YORK (Reuters) - A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last month with defrauding Citigroup Inc is being sued by HSBC for deceiving it into lending him $100 million.
The lawsuit filed in New York State Supreme Court in early September accused private equity firm head Hassan Nemazee, 59, of engaging in an elaborate scheme to make HSBC Bank USA believe that its loan was secured by collateral in the form of U.S. Treasury Notes when it was not.
(Excerpt) Read more at reuters.com ...
Soros will reap billions(or has already) betting against the dollar.
Heh-—good one.
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