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Iran's Oil Mafia April 16, 2007 Frontpagemagazine.com Hassan Daioleslam Robert William (Bob) Ney is a current federal prisoner and a former Ohio Congressman from 1995 until November 3, 2006. Ney pled guilty to charges of conspiracy and making false statements in relation to the Jack Abramoff lobbying and bribery scandal. Ney reportedly received bribes from Abramoff, other lobbyists, and two foreign businessmen - a felon and an arms dealer - in exchange for using his position to advance their interests. Conspicuously missing from this dossier of disservice to the country was Ney’s assistance in the creation of a Washington-based lobbying...

Hassan Nemazee, an Iranian-American businessman who raised money for the political campaigns of Barack Obama and Hillary Clinton, was sentenced to 12 years in prison for defrauding Bank of America Corp, Citigroup Inc and HSBC Holdings Plc out of $292 million. U.S. District Judge Sidney Stein imposed the sentence on Thursday following Nemazee's March 18 guilty plea in Manhattan federal court to charges of bank fraud and wire fraud over loan transactions with the three major banks. Nemazee said he needed the money to pay debts arising from his dealings in hedge funds and properties.

NEW YORK (Reuters) – A U.S. judge handed a 12-year prison sentence on Thursday to Hassan Nemazee, a former fundraiser for Barack Obama and Hillary Clinton who admitted to a $292 million fraud of three major banks. Nemazee had pleaded guilty on March 18 to charges of bank fraud and wire fraud over loan transactions ... .. also sentenced to three years of supervised release .. ordered to make $292.3 million in restitution to the banks. U.S. District Judge Sidney Stein in Manhattan pronounced the prison sentence, which is shorter than the term requested by prosecutors. They had sought a...

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...

-excerpt- (Hassan) Nemazee, a New York businessman and one-time prominent Democratic fundraiser admitted Thursday that he bilked three banks out of $ 292 million in loans. He pleaded guilty to wire fraud and three counts of bank fraud at a hearing before U.S. District Judge Sidney Stein in Manhattan. Click here for Chad Bray’s story on Dow Jones Newswires; here for the NYT story; here, here and here for previous LB posts on Nemazee. Prosecutors from the U.S. Attorney’s office in Manhattan had alleged that Nemazee obtained hundreds of millions of loans from Bank of America, Citigroup and HSBC Holdings...

Note: The following text is a quote: Hassan Nemazee Pleads Guilty in Manhattan Federal Court to $292 Million Bank Fraud PREET BHARARA, the United States Attorney for the Southern District of New York, announced that HASSAN NEMAZEE pleaded guilty today to charges of defrauding Bank of America, N.A. ("BofA"), Citibank, N.A. ("Citibank"), HSBC Bank USA, N.A. ("HSBC"), and a longtime friend and business associate of a total of more than $290 million in loan proceeds. NEMAZEE entered his guilty plea before United States District Judge SIDNEY H. STEIN in Manhattan federal court. According to the superseding Information, filed today, to...

Just 11 months ago, Hassan Nemazee ranked as one of the Democratic Party's premier money men -- hosting a $28,500-a-head fundraiser in his luxurious home on New York's Upper East Side for Democratic presidential candidate Barack Obama. On Wednesday, Nemazee returned to the same $20 million Park Avenue apartment under house arrest, charged with lying about his assets in order to secure a $74 million loan from Citibank. He is required to wear an electronic security bracelet to ensure that he doesn't leave the building.

For your Saturday morning viewing enjoyment… The first clip is Stewart’s take on Dem fundraiser Hassan Nemazee, with the money quote from Joe Biden (“If I had my way, we’d be calling him Ambassador Nemazee”):

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.

Many of the fake documents used by a leading Democratic Party fund-raiser to defraud HSBC and Citigroup Inc were made by his brother-in-law, U.S. prosecutors said on Friday. Authorities arrested and charged Shahin Kashanchi, brother-in-law of indicted fund-raiser Hassan Nemazee, who donated to the presidential campaigns of Barack Obama, Hillary Clinton and other leading Democrats over the years. Nemazee pleaded not guilty on Wednesday in Manhattan federal court to defrauding a total of three banks -- Bank of America was the other -- out of $292 million in loan proceeds. "Based on e-mail traffic between Kashanchi and Nemazee, Kashanchi was...

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.

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. Nemazee, who sits on the board of the Iranian American Political Action Committee, typically donates more than $100,000...

A prominent Democratic party fund-raiser for Barack Obama and Hillary Rodham Clinton was arrested in Manhattan on Tuesday and accused of trying to defraud Citibank of a $74 million loan, the United States Attorney’s office said. The fund-raiser, Hassan Nemazee, 59, had been a national finance chairman for Mrs. Clinton’s presidential campaign before raising more than $500,000 for Mr. Obama’s campaign after the Democratic National Convention last August. F.B.I. investigators found that Mr. Nemazee, a Park

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.

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...

NEW YORK -(Dow Jones)- New York businessman and prominent Democratic fund- raiser Hassan Nemazee was indicted Monday for allegedly defrauding three banks out of $292 million in loans. Nemazee, 59 years old, was charged with aggravated identity theft and three counts of bank fraud in the indictment. Each bank fraud count carries a term of up to 30 years in prison. A lawyer for Nemazee didn't immediately respond to a request for comment. Nemazee, who was involved in various presidential campaigns and once served as finance chairman of the Democratic Senatorial Campaign Committee, was initially charged criminally in August related...

A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last week with defrauding Citigroup also defrauded other banks, U.S. prosecutors said. The allegations against fund-raiser Hassan Nemazee—arrested last week on a bank fraud charge and released on $25 million bail—were not formal charges but were in a letter dated Tuesday from prosecutors to a Manhattan federal court magistrate judge handling the case. Nemazee, 59, head of a private equity firm, was accused on Aug. 25 of one count of bank fraud for seeking a fraudulent $74 million loan from Citigroup's banking unit. He said after his...

President Barack Obama and the Democratic National Committee on Thursday joined the growing group of politicians and committees pledging to return or donate to charity campaign contributions from Democratic moneyman Hassan Nemazee, who was arrested and charged Tuesday with trying to defraud Citibank of $74 million by offering fake collateral for a loan. But a DNC official stopped short of promising that Obama would give back or give away contributions from other donors that came through Nemazee through a process known as bundling that brought in more than $500,000 for Obama’s campaign. Instead, Obama, his inaugural committee and the DNC...

Amy Goodman of the Marxist Democracy Now! network reported yesterday on the arrest of a “leading Democratic donor” named Hassan Nemazee. Here is the story, in its entirety: Back in the United States, a leading Democratic donor has been arrested and charged with seeking to defraud the financial giant Citibank. Hassan Nemazee is accused of submitting forged documents to secure a $74 million loan. Nemazee has given at least $150,000 to the Democratic Senatorial Campaign Committee since 2006 and supported several other leading Democratic politicians. Not much to sink your teeth into there. Could it be that Goodman is downplaying...

Six Democratic members of Congress enjoyed a Caribbean junket sponsored by Citigroup after Congress had approved the $700 billion bailout of financial services firms in October. The National Legal and Policy Center, a watchdog group, has asked Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program, for a formal review of the Citigroup’s sponsorship of the trip by House Ways and Means Committee Chairman Charles Rangel and five others. The NLPC says the trip violated House rules. The purported purpose of the Nov. 6-9 junket was to attend the Caribbean Multi-Cultural Business Conference on the island of...