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Thread: U.S. charges Obama fund-raiser in $290 million fraud

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    U.S. charges Obama fund-raiser in $290 million fraud

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    Mon Sep 21, 2009 6:25pm EDT
    By Grant McCool

    NEW YORK (Reuters) - Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.
    The announcement follows last month's indictment of Nemazee, head of a private equity firm and an Iranian American Political Action Committee board member, on one count of defrauding Citigroup's Citibank.
    The new indictment adds allegations that he defrauded two other banks, Bank of America and HSBC Bank USA, in a similar fashion by falsifying documents and signatures to purportedly show he had hundreds of millions worth of collateral.
    The office of the U.S. Attorney in Manhattan and the FBI said he used the proceeds of his scheme to make donations to election campaigns of federal, state and local candidates, donations to political action committees and charities.
    He bought property in Italy and paid for maintenance on two properties in New York.
    His lawyer could not immediately be reached for comment.
    As of August 2009 Nemazee owed Bank of America about $142 million and owed Citibank about $74.9 million, the indictment said. He drew on a line of credit he fraudulently obtained from HSBC to pay the Citibank loan.
    I guess campaign finance reform isn't working. Now that they struck down that useless and unconstitutional law, what will Dems do next? Time to find more dirt on Gale Norton.
    Last edited by American; 09-22-09 at 10:01 AM.
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    Re: U.S. charges Obama fund-raiser in $290 million fraud

    Let's investigate Gale Norton instead of a $290M scam. Not surprising that libs overlook this.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. charges Obama fund-raiser in $290 million fraud

    Quote Originally Posted by American View Post
    Let's investigate Gale Norton instead of a $290M scam. Not surprising that libs overlook this.
    so what did Obama have to do with this fraud?

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    Re: U.S. charges Obama fund-raiser in $290 million fraud

    Quote Originally Posted by winston53660 View Post
    so what did Obama have to do with this fraud?
    Absolutely nothing. Gee lets bring up Alan Fabian, Bob Alan, Alan Placa as if either of those have anything to do with the candidates they were helping

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    Re: U.S. charges Obama fund-raiser in $290 million fraud

    Quote Originally Posted by American View Post
    Let's investigate Gale Norton instead of a $290M scam.
    It looks like they did both.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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