Free Republic

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.

The shady Iranian fundraiser who for years donated lucrative sums to top Democrats—including the president, vice president and secretary of state—has pleaded guilty to a major bank-fraud scheme that could land him in jail for nearly two decades.Disgraced Democratic money man Hassan Nemazee admitted this week that he defrauded three financial institutions out of nearly $300 million in loan proceeds by falsifying documents and signatures to show he had hundreds of millions of dollars worth of collateral. The Ivy League-educated crook then used the proceeds to donate big bucks to the campaigns of federal, state and local candidates. Among them...