Top Democrat fund-raiser for Obama, Hillary arrested: "Hassan Nemazee, a multimillionaire Iranian-American investment banker and top Democratic Party fundraiser, was arrested today by federal law enforcement authorities in New York City and charged with engaging in criminal fraud for his role in arranging a $74 million dollar loan from Citibank, Bloomberg reported.
U.S. Attorney Prett Bharara in New York City and FBI investigators told Dow Jones Newswires the 59-year-old Namazee applied for the Citibank loans for Nemazee Capital Corp. by giving Citibank 'numerous documents that purported to establish the existence of accounts in Nemazee's name at various financial institutions
containing many hundreds of millions of dollars.'
According to the criminal complaint released by Bharara, the accounts Nemazee submitted in the loan documentation
were 'fraudulent and forged' and 'either never existed or had been closed years before Nemazee submitted the documents referencing those accounts.'
The criminal complaint alleged Nemazee's fraudulent scheme began in December 2006, when he first approached Citibank to borrow $25 million. He recently raised the sum to $80 million."
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