Democratic fundraiser accused of $292M loan fraud – On Deadline –

Democratic fundraiser accused of $292M loan fraud – On Deadline –

“A top Democratic fundraiser was indicted today for allegedly defrauding three banks out of $292 million in loans to make donations to candidates and to buy property in Italy.
Hassan Nemazee, 59, a New York businessman, raised money for President Obama and Hillary Rodham Clinton and served as finance chairman of the Democratic Senatorial Campaign Committee.

He is accused of fraudulently obtaining loans from Citibank, Bank of American and HSBC with fake documents showing he had tens of millions of dollars in collateral.

Dow Jones and Reuters have the particulars.

Obama, the Democratic National Committee, other political committees and politicians have pledged to return or donate to charity the contributions Nemazee raised.”

Stringing and Strowing says: Looks like the walls keep tumbling down revealing deep rooted corruption in our political system. Is America noticing? Will the media report?

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