Posted on 03/22/2010 4:26:27 PM PDT by Conservative Coulter Fan
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 are some of the nation’s best known and most powerful Democrats, including Secretary of State and former New York Senator Hillary Clinton, President Barack Obama and Vice President Joe Biden. Nemazee was actually the national finance chairman of Clinton’s failed 2008 presidential campaign as well as John Kerry’s in 2004.
The corrupt “investment banker” went on to raise more than half a million dollars for Obama after Clinton’s primary defeat and donated the maximum ($50,000) allowed to the new president’s inauguration committee. Less than a year ago Nemazee hosted a $28,500-a-head fundraiser for Obama in his luxurious Upper East Side New York penthouse.
When Nemazee was criminally charged last fall, top Democrats scrambled to return his tainted money and there is plenty floating around the coffers of the party’s elite. For nearly a decade Nemazee was a key figure in Democratic fundraising circles, donating and gathering hundreds of thousands of dollars. Nemazee was so well-connected that in the late 1990s Bill Clinton nominated him to be a U.S. ambassador in Argentina though the position never materialized.
Another top Democratic fundraiser, admitted Chinese swindler Norman Hsu, is in jail for fraud. Hsu raised nearly $1 million for Hillary Clinton’s presidential campaign and substantial sums for party leaders like New Mexico Governor Bill Richardson and California Senator Dianne Feinstein. Clinton was so tight with Hsu that a voicemail recording of her praising Hsu was presented as evidence in federal court. In it she repeatedly thanks Hsu for his support and tells the one-time fugitive she’s never seen anybody who has been more loyal and more effective.
With Nemazee as the national finance chair, Chuck Schumer’s DSCC in 2006 raised $115 million, outpacing the NRSC by substantial sums, and helping the Democratic Party take control of the Senate -———http://en.wikipedia.org/wiki/Hassan_Nemazee
Nemazee typically donates more than $100,000 annually to Democratic political candidates, including Senate Majority Leader Harry Reid and Sen. Charles Schumer, and sits on the board of the Iranian American Political Action Committee. -——http://www.cnbc.com/id/32660569/print/1/displaymode/1098/
Boy, I hope this story doesn’t get lost amidst all the other devastating stories out there this week.
"But community organizations can’t do it alone. Rathke describes ACORN partnerships with HSBC Bankand H & R Block that helped these businesses see building citizen wealth as a new market opportunity"I suggest that Nemazee was the money-conduit from HSBC to ACORN and SEIU. 23 posted on Monday, September 21, 2009 8:22:30 PM by Future Useless Eater | To 1
A second man is going to trial soon- the guy who did the forgeries for Nemazee. He is Nemazee’s brother-in-law and he is a resident of the liberal bastion of Telluride Colorado.
Hassan Nemazee, an Iranian American financier based in New York, was on the board of the American Iranian Council when that organization arranged for President Clinton’s secretary of state, Madeleine Albright, to apologize for America’s [ALLEGED] role in the 1953 coup that brought the Shah to power in Iran. —— “Kerry’s Fund-Raiser Worries Advocates Of Iran Democracy,” NY Sun ^ | Tue, 27 Jan 2004 | ELI LAKE , Posted on Wednesday, January 28, 2004 12:52:39 AM by F14 Pilot
“The Ivy League-educated crook...”
In a December 3 address to the Council on Foreign Relations, Mr. Kerry said that if he was president, he “will be prepared early on to explore areas of mutual interest with Iran.” In that same speech he chastised the Bush administration for failing to hand over Iraqi-based insurgents to Tehran in exchange for members of Al Qaeda. “It is incomprehensible and unacceptable that this administration refuses to broker an arrangement with Iran for a mutual crackdown on both terrorist groups,” he told the council.
Mr. Kerry and his fund-raiser have drawn the criticism of many Iranians pushing for America to support Iranian democrats. “Unfortunately Mr. Nemazee is still advising Mr. Kerry,” a spokesman for the Student Movement Coordination Committee for Democracy in Iran,Aryo Pirooznia, told The New York Sun yesterday. “Everyone remembers in the last of year of the Clinton administration when Mr. Nemazee gave a speech at the AIC calling for the removal of all sanctions against the Islamic Republic. We will be asking any Iranian-American of principle to vote for President Bush knowing that Mr. Kerry has recently said that Iran is moving toward democracy.” -— “Kerry’s Fund-Raiser Worries Advocates Of Iran Democracy,” NY Sun ^ | Tue, 27 Jan 2004 | ELI LAKE , Posted on Wednesday, January 28, 2004 12:52:39 AM by F14 Pilot
Recall that Nemazee is also related to the Cisneros family of Venezuela.
Thank you piasa.
bttt.
Again, no one bothered to investigate.
Thanks, I was behind on my Nemazee updates. BTW the Asia Society is an old Rockefeller project Jay actively engages, related to some of his Japanese business alliances.
I like how the news was released in the thick of the health care vote and went almost totally unreported. Amazing how that happens.
I’m sure that was a coincidence. . .
Thanks for sending the link.
.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.