Democratic Fundraiser Arrested in $74 Million Fraud
Hassan Nemazee has raised millions for Democratic candidates, including Bill and Hillary Clinton and Barack Obama, and for the Democratic Senatorial Campaign Committee. He was arrested Tuesday for allegedly using bogus documents and phone numbers to try to sucker Citibank out of $74 million.
Hassan Nemazee has raised millions for Democratic candidates, including Bill and Hillary Clinton and Barack Obama, and for the Democratic Senatorial Campaign Committee. He was arrested Tuesday for allegedly using bogus documents and phone numbers to try to sucker Citibank out of $74 million.
Somehow Citibank was able to resist the catnip allure of a bad loan and cooperate with authorities. — PS
Your support is crucial…New York Times:
A wealthy New York investor and prominent Democratic Party fund-raiser with ties to President Obama and Hillary Rodham Clinton was arrested on Tuesday and accused of lying about his assets to obtain a $74 million loan from Citibank.
The investor, Hassan Nemazee, a former national finance chairman for Mrs. Clinton, orchestrated the fraud by using forged documents showing that he held accounts with collateral worth hundreds of millions of dollars, a federal complaint charged.
With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and unearth untold stories.
TD Column
In a healthy party, losers get jettisoned and new leaders are given the reins.
Editorial Cartoons
Health & Wellness
The betrayal of trust by the institutions meant to protect Flint’s residents has made them cautious as they look to the future.
TD Original
Reflecting on the systems that maintain racism and separatism in America.
Wounds of War
According to Pentagon policy on “responding to civilian harm”, Defense Secretary Lloyd Austin owes Somalian drone victims an overdue apology.
Editorial Cartoons
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.