". . . Hassan Nemazee pleaded not guilty to an indictment accusing him of carrying out a $292 million Ponzi scheme.
Nemazee’s brief appearance in U.S. District Court in Manhattan was his first since he was indicted this week on charges of bank fraud and aggravated identity theft.
Prosecutors say Nemazee cheated three banks out of the money to live an affluent life and pose as an influential fundraiser.
The 59-year-old Manhattan resident was the national finance chairman for Clinton’s 2008 presidential campaign. He later raised money for President Barack Obama.
He is under house arrest on $25 million bail and is wearing an electronic bracelet.
From Breaking news
If he'd been a fund raiser for a Republican, it would have been the end of that politician's career.
Wednesday, September 23, 2009
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1 comment:
Instead of pointing out his current ties to Obama, progressive sites are point to GWB ties to his partner over 25 years ago. Nice touch.
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