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Dem Fundraiser Pleads Not Guilty To Defrauding Banks

Law360, New York (September 23, 2009) -- A fundraiser for Secretary of State Hillary Clinton and President Barack Obama pled not guilty Wednesday to charges that he defrauded several banks of more than $290 million in loan proceeds.

Hassan Nemazee, chairman and CEO of New York-based Nemazee Capital Corp., who served as the finance chair for Clinton's failed presidential bid and raised campaign funds for Obama, was arraigned...

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