Hillary Clinton Finance Chairman Released on Bail
By Stephanie Woodrow | August 26, 2009 5:22 pm

Hassan Nemazee

Hassan Nemazee

Democratic fundraiser Hassan Nemazee was released from jail Wednesday after being charged with one count of bank fraud, The Associated Press reported. The New York financier agreed to a $25 million bail package that requires him to pledge two of his properties as collateral within a week. Nemazee, who was the finance chairman of Hillary Clinton’s 2008 presidential campaign, will remain under house arrest in his $20 million Manhattan apartment and wear a monitoring bracelet, according to reports. He also is barred from using computers or the Internet or getting new cell phones or bank loans.

On Sunday, FBI agents stopped Nemazee at Newark International Airport as he tried to board a flight to Rome and asked to interview him. The following day, he repaid a $74 million Citibank loan. On Tuesday he was arrested and charged with one count of bank fraud. Prosecutors said he used “fraudulent and forged” documents to get the loan. Nemazee is chairman and chief executive of Manhattan-based Nemazee Capital Corp.

From the New York FBI news release:

Furthermore, on many of the documents at issue, Nemazee falsely provided as the address and telephone numbers of various financial institutions purportedly vouching for his financial strength an address and telephone number that was, in fact, controlled by Nemazee. As a result, in the event anyone at Citibank made an effort to confirm the existence of the assets reflected on the fraudulent documents submitted by Nemazee, they would in fact be contacting a telephone number assigned to Nemazee himself, and not any financial institution.

Assistant U.S. Attorneys John M. Hillebrecht and Daniel W. Levy are prosecuting the case.

Nemazee’s attorney, Marc Mukasey — a former prosecutor who is the son of ex-Attorney General Michael Mukasey — called the bail terms “Draconian” and “staggering.” Hillebrecht argued Nemazee is a flight risk. The prosecutor said releasing Nemazee without an electronic bracelet “would be a huge mistake,” The AP reported.

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2 Comments

  1. Sally Ramage says:

    Obama and Clinton’s fundraiser Hasson Namazee, charged with fraud
    September 2009
    By Sally Ramage, Editor of The Criminal Lawyer

    A wealthy investment banker and prominent fundraiser for President Barack Obama, Hillary Clinton and other top Democrats, namely Hassan Nemazee was arrested in August 2009 for supplying false documents to secure a 64 million dollar loan from Citibank. Hassan Nemazee is Chairman and CEO of Capital Corp, accompany that invests in healthcare insurance and real estate. The past always catches up with one and Hillary Clinton’s past is always around the corner. In the 1980’s Hillary Clinton was a retained lawyer for the McDougal’s Madison Guaranty, the Savings and Loan enterprise “..that became notorious for the profligate spending, borrowing and shuffling of depositors’ money and government loans that fed a lavish lifestyle and an intricate if gossamer web of interwoven companies, including the cash-hungry Whitewater half-owned by the Clintons…” (see Morris, R. (1996) Partners in Power. The Clintons and their America, New York: Henry Holt and Company at page 309).
    Whitewater was found to have “chaotic book-keeping, delinquent tax returns and convoluted, overdrawn, inexplicably revived accounts at Madison Guaranty..” (at page 386).
    Apparently, Hillary Clinton had exploited , using punitive real estate contracts, the specially targeted, gullible, low-income elderly purchasers of Whitewater properties. Bill Clinton, also, is said to have borrowed, without collateral, hundreds of thousands of dollars that went into his personal campaigns and towards other unaccountable areas. Morris said , at page 314, that those who had access to official files and insider knowledge, knew of the abuse by Hillary and Bill Clinton and the misuse of public office in the conduct and cover-up of cash payments and beneficiaries of commissions on hundreds of millions of dollars in state bond transactions. In 1986 regulators issued cease and desist orders on the Federal Savings and Loan Insurance Corporation. Even after Bill Clinton became president of the United States, whilst a partner at Rose law firm, Hillary Clinton was accused of conflict of interest because Rose Law Firm received and some fees on deals with government bonds. N 1992, the state of Arkensas had a per capita yearly income of $14, 629 , so poor, yet big businesses there, Walmart , Tyson Foods, J.B. Hunt, Dillards, TCBY and others received in the same year more than $499 million in tax exemptions, four times the net worth of the state.

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