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52%  
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  • Prominent Fundraiser for Obama and Clinton Charged With Fraud

    08/26/2009 6:44:31 PM PDT · by stan_sipple · 9 replies · 1,181+ views
    Associated Press via Law.com ^ | August 26, 2009 | Tom Hays The Associated Press
    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...