Weekend Reflections: Obama Fund Raiser Being Sued For Fraud
Clyde sent this gem, “Amazing. The hits keep on coming. Yet ANOTHER corrupt “bundler” of donations to Obama and Hillary has been arrested, for enormous bank fraud. Are ANY Democrats honest? I’m not sure. Especially those with money”.
SCROLL THIS (from the bottom): Obama’s Contributions: Foreign and Domestic
The lawsuit filed in New York State Supreme Court in early September accused private equity firm head Hassan Nemazee, 59, of engaging in an elaborate scheme to make HSBC Bank USA believe that its loan was secured by collateral in the form of U.S. Treasury Notes when it was not.
Nemazee, who sits on the board of the Iranian American Political Action Committee, typically donates more than $100,000 annually to Democratic political candidates.
He is listed as one of the top “bundlers” of contributions to Obama’s 2008 presidential campaign, according to OpenSecrets,org, a website run by the Center for Responsive Politics research group.
Nemazee was charged on Aug. 25 of one count of bank fraud for seeking a $74 million loan from Citigroup’s banking unit under false pretenses.
He was arrested at Newark Liberty International Airport in New Jersey on Aug. 23 as he was checking in for a flight to Italy, according to court papers.
U.S. prosecutors accused him on Sept. 2 of defrauding other banks. In a letter to a magistrate judge in Manhattan federal court, prosecutors said he repaid the Citibank loan by defrauding another bank, but did not identify it.
The bank was HSBC, according to the civil lawsuit. The bank sued Nemazee for breach of contract and fraud. Nemazee’s lawyers could not immediately be reached for comment.
The HSBC lawsuit, dated Sept. 2, said that “to accomplish the fraud, Nemazee 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.”
- Democratic Fundraiser’s Ex-Kin, Shahin Kashanchi, Admits To Bank Fraud (newyork.cbslocal.com)
- REZKO: Obama fund raiser gets 10 years on corruption conviction (marcjan.wordpress.com)
- Former Obama Fund-Raiser Sentenced (online.wsj.com)
- Obama’s Richest 1% International Fund Raiser & Bilderberger Jon Corzine: Hundreds Of Millions Of Dollars In Customer Money Gone Missing From” Corzine’s Firm. (politicalvelcraft.org)
- Obama Eligibility: Pelosi Supplied Altered Congressional Records To The 2008 Election Commission! (politicalvelcraft.org)
- New Evidence of Obama Document Fraud: New Lawsuit Being Filed in Hawaii (politicalvelcraft.org)
- MICHAEL WALSH: “Now here’s another shocking story from the New York Times: ‘A Fund-Raiser for Liu… (pjmedia.com)
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- November 27, 2011 / 1:19 AM