Posted on 03/20/2010 8:12:34 AM PDT by nuconvert
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(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 between 1998 and 2009.
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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 ...
Eventually debt has to be repaid, one way or another.
Of course, this will never happen, it is simply PROVE IT to them.
Hassan chops!
No, that’s not right.
Hassan cheats !!!
Better
Hassan steals !!!!
Only 290 million dollars
Peanuts to Clinton, Obama, Hillary, Soros, Oligarchs, and their fiends ...
Nemazee was, prior to his arrest, also known as one of the top political bundlers in the United States.
To Dems
Among Sen. John Kerry’s top fund-raisers are three Iranian-Americans who have been pushing for dramatic changes in U.S. policy toward the Islamic Republic of Iran.
Most prominent among them is Hassan Nemazee, 54, an investment banker based in New York. Nominated to become U.S. ambassador to Argentina by President Bill Clinton in 1999, Nemazee eventually withdrew his nomination after a former partner raised allegations of business improprieties.
Nemazee was a major Clinton donor, giving $80,000 to the Democratic National Committee (DNC) during the 1996 election cycle and attending at least one of the famous White House fund-raising coffees.Nemazee was, prior to his arrest, also known as one of the top political bundlers in the United States.
To Dems
Candidate Obama at fund-raiser April 9, 2007.
George Soros is seated to the right. (Photo: Michael Edwards)
STROLL DOWN MEMORY LANE Obama came to town to deliver a speech at a charity dinner for "children in poverty" at the pricey, exclusive Mandarin Oriental Hotel----but also to begin the process picking his then-opponent Hillary Clinton’s pocket. After talking to George Soros for an hour about his 2008 bid for the White House, Obama addressed heavy-hitting Democratic fund-raisers: investment banker *Hassan Nemazee, Wall Street power Blair Effron, private-equity hotshot Mark Gallogly, hedge-fund manager Orin Kramer (who also invests the $82 billion NJ pension fund). Most had been 2004 John Kerry backers. Most had a connection to the Clintons.
* Nemazee defrauded a total of three banks--- including Bank of America---- out of $292 million in loan proceeds. Charges of fraud, dated Sept 2, 2009 stated that "Hassan Nemazee to obtain a $100 million loan, represented to HSBC that he had $89 million in Treasury Notes, with a current market value of more than $125 million, in a specified brokerage firm account; submitted a supposed agreement from the brokerage firm with forged signatures, false addresses, and false telephone numbers; used a mail drop; and submitted fabricated brokerage statements."
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