Top Clinton Fundraiser Charged With Bank Fraud

Law360, New York (August 25, 2009, 6:37 PM EDT) -- A major Democratic fundraiser who served as the finance chair for Hillary Clinton's failed presidential campaign and drew in significant campaign funds for President Barack Obama is facing charges that he falsified information in order to get $74 million in loans from Citibank NA.

Hassan Nemazee, chairman and CEO of New York-based Nemazee Capital Corp., was arrested Tuesday morning and faces one charge of bank fraud in the U.S. District Court for the Southern District of New York for claiming that he had millions of dollars...
To view the full article, register now.