The guy is an interesting character.
Unknown if this will get any press coverage.
Note: The following post is a quote:
Our Ponzi Nation: Nemazee, Big Donor to the Dems, Pleads Guilty
WSJ ^ | Mar. 19, 2010
Posted on March 20, 2010 8:12:34 AM PDT by nuconvert
(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 Brays 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. Attorneys office in Manhattan had alleged that Nemazee obtained hundreds of millions of loans from Bank of America, Citigroup and HSBC Holdings between 1998 and 2009.
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 2009 related to a loan he fraudulently obtained from Citibank.
(Excerpt) Read more at blogs.wsj.com ...