Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $2,315
2%  
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  • U.S. charges Obama fund-raiser in $290 million fraud

    09/21/2009 4:25:18 PM PDT · by South40 · 23 replies · 1,486+ views
    Reuters ^ | Grant McCool
    NEW YORK (Reuters) - Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday. The announcement follows last month's indictment of Nemazee, head of a private equity firm and an Iranian American Political Action Committee board member, on one count of defrauding Citigroup's Citibank. The new indictment adds allegations that he defrauded two other banks, Bank of America and HSBC Bank USA, in a similar fashion by falsifying documents and signatures to...