UPDATE 3-Democratic fund-raiser charged in Citigroup fraud | Reuters: "* Nemazee faces count of bank fraud, 30 years in prison
* To be released Wednesday on $25 million bond
* Nemazee supported Hillary Clinton, other top Democrats
(Recasts; adds bail hearing, other details on allegations)
By Jonathan Stempel
NEW YORK, Aug 25 (Reuters) - A major fund-raiser for Barack
Obama, Hillary Clinton and other Democrats was charged by
federal prosecutors in New York in connection with a scheme to
defraud Citigroup Inc (C.N).
Hassan Nemazee, 59, was accused of one count of bank fraud
for allegedly seeking a fraudulent $74 million loan from
Citigroup's banking unit, U.S. Attorney Preet Bharara and the
Federal Bureau of Investigation said on Tuesday.
Nemazee will be released Wednesday on $25 million bond and
be confined to his apartment on Park Avenue in Manhattan, with
no access to computers. The bond is secured by the apartment
and another home in Katonah, New York."
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