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Top Clinton/Obama fundraiser arrested (fraud)

hypocritexposer

Well-known member
Aug. 25 (Bloomberg) -- Hassan Nemazee, chairman of Nemazee Capital Corp. and a fundraiser for President Barack Obama and Hillary Clinton, was arrested on a bank fraud charge and ordered held overnight pending his release tomorrow on $25 million bail.

Nemazee was charged with using phony documents to trick Citigroup Inc. into lending him as much as $74 million. The financier got the loan by telling Citibank he held accounts with hundreds of millions of dollars that could serve as collateral, U.S. Attorney Preet Bharara said today in a statement.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aWy8uHSaXZB4
 

hypocritexposer

Well-known member
Kerry's Iranian Connection Fights Democracy By: Robert Spencer
FrontPageMagazine.com | Wednesday, September 08, 2004


Frivolous lawsuits have long been used as weapons of the powerful against the weak; a particularly egregious example is now playing out in Texas, courtesy of one of John Kerry’s most controversial supporters: the Iranian Hassan Nemazee. Nemazee is pursuing a ten-million-dollar damage claim against the Student Movement Coordination Committee for Democracy in Iran (SMCCDI) and its coordinator, Aryo B. Pirouznia. A Nemazee victory in this suit would almost certainly muzzle or destroy altogether the SMCCDI, one of the most energetic and courageous opponents of Iran’s entrenched but uneasy mullahocracy. But now that Nemazee’s lawsuit has been filed, it has become increasingly clear that it could embarrass the entire Democratic Party — and severely damage the already flagging candidacy of John Kerry.

http://www.frontpagemag.com/readArticle.aspx?ARTID=11492
 

Tam

Well-known member
My God is there anyone connected to this guy that isn't a crook? :???: :roll:

How can he (Obama) stay lilly white innocent like everyone wants people to believe about him when he is surrounded by corruption? :? :roll:
 

nonothing

Well-known member
Manhattan U.S. Attorney Charges Chairman and Chief Executive Officer of Nemazee Capital With Bank Fraud



NEW YORK, Aug. 25 /PRNewswire-USNewswire/ -- Preet Bharara, the U.S. Attorney for the Southern District of New York, and Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the New York Office of the FBI, announced the arrest this morning of Hassan Nemazee, the Chairman and Chief Executive Officer of Nemazee Capital Corporation, in connection with a scheme to defraud Citibank, N.A. (Citibank).


According to the complaint filed in Manhattan federal court, Nemazee engaged in a fraudulent scheme to induce Citibank to lend up to $74 million to Nemazee based on false representations that Nemazee owned millions of dollars in collateral. Nemazee submitted, and caused to be submitted to Citibank numerous documents that purported to establish the existence of accounts in Nemazee's name at various financial institutions containing many hundreds of millions of dollars. In fact, those were fraudulent and forged documents.


Specifically, the various accounts referenced in the fraudulent documents that Nemazee submitted, and caused to be submitted to Citibank either never existed or had been closed years before he submitted the documents referencing those accounts. Furthermore, on many of the documents at issue, Nemazee falsely provided as the address and telephone numbers of various financial institutions purportedly vouching for his financial strength an address and telephone number that was, in fact, controlled by Nemazee. As a result, in the event anyone at Citibank made an effort to confirm the existence of the assets reflected on the fraudulent documents submitted by Nemazee, they would in fact be contacting a telephone number assigned to Nemazee himself, and not any financial institution.


On Aug. 23, 2009, federal agents interviewed Nemazee at Newark Liberty International Airport as he was in the process of checking in for a flight to Rome. On Aug. 24, 2009, Nemazee repaid to Citibank his outstanding loan, an amount in excess of $74 million.


Nemazee, 59, currently resides in Manhattan and Katonah, N.Y. He is charged with one count of bank fraud, which carries a maximum prison term of 30 years and a maximum fine of $1,000,000 or twice the gain or loss resulting from the crime.


Nemazee is expected to be presented later today in Manhattan federal court before U.S. Magistrate Judge Ronald L. Ellis.


Mr. Bharara praised the investigative work of the FBI. Mr. Bharara said that the investigation is continuing.


Assistant U.S. Attorneys John M. Hillebrecht and Daniel W. Levy are in charge of the prosecution.


The charge and allegations contained in the complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.






SOURCE U.S. Department of Justice

http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/08-25-2009/0005082823&EDATE=
 
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