Culture of Corruption: Democrat fund-raising fraudster edition
Man, the updates to Culture of Corruption just keep piling up. Here’s another one for my Clinton and Money Men chapters:
The U.S. attorney in New York on Tuesday charged a New York investor and major Democratic fund-raiser with a $74 million scheme to defraud Citigroup Inc (C.N).
Hassan Nemazee, 59, was charged with one count of bank fraud, and faces up to 30 years in prison plus a fine. His lawyer Marc Mukasey, a former federal prosecutor, did not immediately return a call seeking comment.
Nemazee was a national finance chair of U.S. Secretary of State Hillary Clinton’s 2008 presidential campaign, and a supporter of John Kerry’s run for the White House in 2004.
He typically donates more than $100,000 annually to Democratic political candidates, including Senate Majority Leader Harry Reid and Senator Charles Schumer, and sits on the board of the Iranian American Political Action Committee .
Bill Clinton, when he was president, nominated Nemazee to be U.S. ambassador to Argentina.
Prosecutors said Nemazee, the chairman and chief executive of Nemazee Capital Corp, sought to induce Citigroup’s banking unit to lend up to $74 million based on fraudulent and forged documents suggesting that he had hundreds of millions of dollars of accounts available as collateral.
They said Nemazee also provided Citigroup with fake references so that when the bank would try to confirm details about his accounts, it would actually be contacting him. The scheme lasted from December 2006 to this month, the prosecutors said.
Via Reuters.
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Jeez Michelle — you’re going to have to start issuing weekly supplements to “Culture”(!)
He represents one of our enemies, Iran.
AND raised money for democrats!
One is known by the company one keeps.
Thick as thieves.
Who IS the left? Who are the Dems?
Is there an honest one in the bunch?
I doubt it.
I’m going to withhold my judgment until our new friends Fidel, Hugo and Moammar have a chance to weigh in on this. Maybe they could schedule a “listening” tour.
I think maybe this is all part of a sinister plot to desensitize the masses of corruption. The more we’re exposed it the more acceptable it will become.
/sarc
Any chance they will be give this money back?
Michelle sign my copy, please, or at least do a book signing in Las Vegas…..
I’m a little confused. Will somebody please tell me again whose side the Wall Street fatcats are on?
Hello? Yes, he has the money in these accounts. Thats why
Ihe wants to borrow $74 million.Too easy. (and it took 3 years to find out)
You donate money and we make you an Ambassador. Talk about pay to play. What about McCain-Feingold? $2,000 donation limits?
Shady lawyers and accountants. Both sides (R’s & D’s) probably play this game. It just depends on who wants to push the envelope more. I beleive Chicago thugs want to push it the most. They are used to shakedowns and getting away with blackmail & murder. It’s the Chicago way.
I am going to go off-topic a bit. Maybe MM can do a separate blog for this, but it also fits in with the question, “who IS the left?” etc. John McCain is now saying he plans to form another one of his “gangs” to reach some kind of “compromise” on health care. Dear God in Heaven, make him stop!! There IS.NO.COMPROMISE on this issue!! He needs to butt out right now before he screws up everything we have been working for…the total defeat of this bill. What is wrong with him?? He obviously does not understand the kind of evil we are dealing with. He didn’t understand when he ran against Obama, and he STILL hasn’t caught on. Talk about a “useful idiot”!
get this on drudge
get this on Fox Business News
Might want to do both a Democrat and Republican Culture of Corruption. With the current revelations, my guess is the Republican version won’t be quite as thick as the Democratic version.
I just knew when Pelosi was pointing her fingers at the Republicans and calling theirs a Culture of Corruption, she was actually speaking of her own party.
I wish we could vote them all out and start fresh with term limits and none of this seniority stuff for committee chairmanships – it would be put on a rotational basis.
this has connections to Obama….this might be “it” kids. Hope and Change the Right Way.
“Culture of Corruption – 2011 Edition”
Buy the entire seven volume set today!
There is big money involved in being a Congressman or Senator. The book deals, the lobbying job, the consulting job, the speaking engagements, the VIP home loans, the publications, the tv shows.
Just look at how much money the Clintons have made since leaving office. It seems that once you get that political office, you are set for life. So many people suck up to you because of your power and influence. That power can be used to get more power. Whatever happened to the Citizen rep who provides public service and then returns to the regular people life?
The system itself breeds corruption. Ala Ted Kennedy. (Change that law to benefit me, now change it back, now change it again.) Power maintains power, right Barack?
30, go read Huff Po sometime (but don’t read it on a full stomach, it’s been known to induce vomiting). If it IS reported, those crazies often DO find it acceptable. They liked it just fine that Duh One made a statement for Ramadan, but said nothing for the National Day of Prayer.
The following words come to mind:
ubiquitous
pervasive
comprehensive
universal
sweeping
unlimited
Who has a thesaurus we can use?
And, no, a thesaurus is not a kind of dinosaur…
I want the UN-ABRIDGED version.
Is that the one without Ted Kennedy in it?
I’ve said it before. . .what a damn cesspool! Let’s start a petition for a third party with candidates (if they are willing) for president–Michelle Bachman, Thomas Sowell, Bobby Jindal.
Maybe you should launch a magazine called Culture of Corruption.
Oh, and I vote for signed copies of the book for MM.com posters, who’ll second?
Good idea, except I think we all have our copies already!!
Signed?
I am so sorry for my unforgivable conduct. You see I have this Reader’s Digest obsession and…….
That’s part of what makes them crazy … the belief that illegal behavior is okay when committed by someone, er, anyone with a (D) following their name. But I disgress.
“Culture of Coruption II” is on its way…
The Federal Government is a Racketeer Influenced and Corrupt Organization!
They are using our government to extort money from the citizens of this nation to line their own pockets. This includes the GOP and the Democrats. The Democrats are simply better at doing so.
It needs to end before they destroy the republic. We need to end it.
This is a link to indicate that Obama just appointed the New York head of the AFL-CIO as President of the NY Federal Reserve….this is bad.
Is there anyone connected to Hilldebeast that isn’t a crook?
Maybe him and Norman HsuFly can share a love cell together and have Madoff over for Kool-aid.
El Skanky will say she knows nothing of course.
But, please, please, please tie this into Dingy Harry and send him to prison also. a twofer.
You know, sometimes when I read a story like this, I kinda wish the whole phoney, crony-corrupt capitalist system had collopsed last fall. Then we could go back to a real capitalist system, like we used to have.
Perhaps the Poser President and his cabal of Grima advisers will inadvertently hasten the demise of this charade, which will not be replaced by socio-fascism. I fantasize the setting up of 100,000 spikes in Washington, to impale the Orc legions of lobbyists, consultants, speculators, union fatcats and effete elitists, to set an example for all time.
(OK, Homeland Insecurity Secretary, Mainstream media sycophants and Internet trolls, don’t get your panties in a bunch, it’s all just rhetoric.)
Ah yes, I’m in a good mood today.
I certainly hope this comes back to haunt Hilary Clinton and Obama. It’s likely this wasn’t the only fraudulent deal this guy was working.
This is an Obama power play to keep Hillary in check should she develop any further political ambitions. Now Obama’s justice department can turn the screws on Hillary’s corrupt campaign finance chair. Do you think she is worried about what this guy might know/tell? Do you honestly think all is rosy in her campaign finances? Remember Norman Hsu, and now this.
The scheme started in 2006—must have been Booooooooosh’s fault.Right.
According to the Reuters article,he set up his business in 1987,but of course he did NOTHING ILLEGAL until 2006.
No volume II until all registered commenters have their copies signed! (just kidding).
I know what Michelle wants for Christmas……..
More Ink and Paper.
She’s going to need it.
Hi happyscrapper & Everybody:
Cindy McCain is soliciting birthday greetings for Senator John McCain for Saturday, August 29. I am sure most of you got her email. You can let Sen. McCain know what you want! I responded with a note after the “Happy Birthday” that I hope Sen. McCain would remain true to Conservative ideals and to forget about any compromise on healthcare. WE do NOT want it.
I followed it up with another email directed solely to Sen. McCain citing reasons why we do not trust anything coming from Obama/Pelosi/Reid.
I’m thinking Culture of Corruption, the magazine is the way to go. There’s probably enough to do a bi-monthly issue at least through 2012 and probably beyond.
Viva La Revolution. . . Break out the guillotines.
Do you honestly believe that Eric Holder will allow this clown to be proescuted. You know “birds of a feather”.
When a country kneels at the feet of the PC god, don’t be surprised when he answers your prayers…
Good lord. That took all of two seconds of googling to prove wrong.
Given another month with this “culture” and she’ll have enough material for volumes 2 and 3.
It’s only corruuption if you are not “hep” with these liberal/radical leftists. Otherwise, it’s business as usual;
No lists.
No names.
No vetting.
No scrutiny.
No transparency.
No morals.
No ethics.
No silly documents to follow (The Constitution and Bill of Rights.)
No light of day.
No problem….
The radical wing of civilization has become mainstream, and it has infected the American exploit-ical, er, that is, political system.
Eric Holder should investigate his boss’s internet fund raising during the last election…but, he will not. How can any rational mind not view the lack of safe-guards, and verification a significant problem?
Right! Just wait until the next election cycle, and watch every conservative campaign come under close scrutiny, starting with Sarah Palin, Tim Pawlenty, and whomever opposes His Majesty. This will be even more apparent when that person, or persons, lead HRH in the polls.
I’m waiting for “the” declaration, probably around next July or August, that because of all the violence (town hall meetings; clashes between ACORN, SEIU members and “Nazi” attendees), the mid-term elections will necessarily have to be postponed…indefinitely!
Remember, THEY are following the socialist playbook, and are establishing a foothold in every Cabinet, agency, and business in America. So, don’t be surprised when it happens.
Please, let us enjoy our “out of power & unhinged” moment. Y’all got to enjoy it for eight years. At this rate, we may not get to enjoy it for eight months.
Captain: They look thirsty!
King Leonidas: Well, let’s give them something to drink! To the cliffs!
Chap, My favorite part. The President is required by law to issue the proclamation. Is there a law about a Ramadan proclamation or did he do that from his heart?
More googling.
Amen.
Well, it only took a $300,000 donation to the dnc and china bill clinton allowed the Loral Space Corp to help china get their rockets into orbit. Now, I just wonder how the norks got the technology?
Ahh, the Clintons! The stench that keeps on stinking! Out damned spot!
What walterc said at 5:04 pm:
“Break out the guillotines.”
Yeah!! Let the Revolution begin.
What Czar position will he get?
I hope they’re 3-ring binder ready.
Are you sure he was talking about Obama and not about “those crazies?”
It appears that the verb “said” was for the subject “they” not the “Duh One.” His comma (although incorrectly used) lends support to this theory.
In other words, I think he meant, “They [those crazies]. . . said nothing for the National Day of Prayer.
Judge for yourself after reading his preceding sentence.
Michelle,
I have suggested on several posts over the past weeks that you need to include a 5 inch three ring binder to hold the weekly supplements to “Culture of Corruption”.
Mine is half filled as of this story and the Colorado “vandalism”.
The Democrat Party is a criminal enterprise.
I took another look at this.
Actually, he’s correct even if he meant that Obama said nothing for the National Day of Prayer.
Obama merely issued a written statement for the National Day of Prayer. Obama made a verbal (video) statement about Ramadan.
corkie,
I do not believe I was mistaken in my original interpretation. And even if you were right, “those crazies” on Huff Po had tons of posts about the National Day of Prayer. That took all of 5 seconds of googling to prove wrong.
And I don’t care whether or not it was verbal or written. That seems absolutely irrelevant to me except in the most pedantic sense.
Actually, I don’t really care one whit about the National Day of Prayer. I think it is a dumb idea. So I don’t know why I am investing any energy into this.
chapoutier, waste a bit more time and ask yourself if tre was referring to this point.
BTW, that “point” doesn’t seem irrelevant to me. In fact, I doubt either issue was considered irrelevant by the Obama admin.
What point is that? That groups were unhappy that he wasn’t having a public ceremony?
The more I read tre’s original comment in total context, along with the comment he was referring to Obama allegedly saying nothing about the National Day of Prayer. Not the HuffPoers. Which makes more sense:
Bob was happy that Joe spoke about apples and Bob was silent about oranges.
or
Bob was happy that Joe spoke about apples and that Joe said nothing about oranges.
To me it seems clear he was setting up a comparison of Obama’s behavior.
But, as I said, in either case tre was ill informed.
I consider it irrelevant to the extent of interpreting the word “said” as used in a casual blog post.
No doubt there are all sorts of scheming and deliberations on whether or not to “say” something through oral or written means.
Obama’s admin decided that Ramadan warranted an 8 minute video of the President and that the National Day of Prayer warranted a mere press release.
Feel free to dismiss the importance of this contrast.
Feel free to explain to me how this undermines my point.
But I will bite. The National Day of Prayer is a political contrivance. Ramadan is an actual religious holiday. Get back to me if, on Christmas, Obama does not make a similar video taped statement.
Are you sure you want to take that one?
Yup.
Done.