Grand Jury Indicts Clinton Fundraiser

Law360, New York (September 22, 2009, 5:56 PM EDT) -- A federal grand jury has indicted a fundraiser who served as the finance chair for Hillary Clinton's failed presidential bid and raised campaign funds for President Barack Obama for defrauding several banks of more than $290 million in loan proceeds.

Hassan Nemazee, chairman and CEO of New York-based Nemazee Capital Corp., is accused of taking part in a pyramid scheme for more than 10 years and using some of the funds to support the Democratic Party, according to an indictment by a grand jury in the...
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