Thread: Dem Fund-Raiser Scams Banks.
Results 1 to 2 of 2
#1 Dem Fund-Raiser Scams Banks.09-22-2009, 01:39 PMU.S. charges Obama fund-raiser in $290 million fraud
Mon Sep 21, 2009 6:25pm EDT
HSBC sues accused Democratic fund-raiser in New York. 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.
09-22-2009, 02:36 PMThe 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.Education without values, as useful as it is, seems rather to make man a more clever devil.
- Join Date
- Jun 2005
- Woodland Park, Colorado, United States
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
|« Previous Thread | Next Thread »|