Keyword: shahinkashanchi

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  • Obama, Clinton Money Man Guilty Of Major Fraud Scheme

    03/22/2010 4:26:27 PM PDT · by Conservative Coulter Fan · 39 replies · 1,028+ views
    Judicial Watch ^ | 03/19/2010
    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...
  • Hassan Nemazee Pleads Guilty in Manhattan Federal Court to $292 Million Bank Fraud

    03/19/2010 5:09:25 PM PDT · by Cindy · 25 replies · 662+ views
    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...
  • Brother-in-law of Democratic fundraiser charged ( Hillay and Obama mentioned )

    09/26/2009 8:17:03 AM PDT · by george76 · 14 replies · 1,599+ views
    AP ^ | : Sep 25, 2009
    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.
  • U.S. Charges Accomplice Of Democratic Fund - Raiser (Worth saying again "Democratic Fund - Raiser")

    09/25/2009 2:12:29 PM PDT · by tobyhill · 13 replies · 1,041+ views
    ny times ^ | 9/25/2009 | reuters
    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...