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“$292 million in forfeiture in the case.”
The indictment also seeks $292 million in forfeiture against Nemazee. In addition, the indictment identifies Nemazee’s interest in the following assets as subject to forfeiture: five real properties, 16 corporate entities and one hedge fund, 14 securities accounts, 32 bank accounts, a 2008 Maserati Quattroporte, and a 2007 Cessna aircraft.
“For more than ten years, Hassan Nemazee projected the illusion of wealth, stealing more than $290 million so that he could lead a lavish lifestyle and play the part of heavyweight political fundraiser,” said U.S. Attorney Preet Bharara who is, ironically, a former top aide of another major recipient of Nemazee’s lucre, Senator Chuck Schumer. “Today’s indictment exposes the sheer brazenness of Nemazee’s schemes and marks the end of his decade of deception.”
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