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To: Snowshoe who wrote (73022)	3/23/2010 3:34:59 AM
From: Haim R. Branisteanu	Respond to of 74559

OH - the lovely Clintons - How Nemazee Used Harvard Degree Swindling Banks of $292 Million By Kambiz Foroohar and David Glovin March 22 (Bloomberg) -- On the evening of March 13, 2007, limousines lined up outside the Cipriani restaurant in Manhattan’s Chelsea neighborhood. Inside, Hassan Nemazee, surrounded by New York’s deep- pocketed donors, was orchestrating one of the year’s major fundraisers for Hillary Clinton’s presidential bid. As guests dined on steak and beet salad, Nemazee introduced the senator and her husband, former President Bill Clinton. Harvard-educated Nemazee, a scion of one of Iran’s wealthiest families, helped raise more than $500,000 that night. Three years later, on March 18, Nemazee stood in a federal courthouse 2 miles (3 kilometers) away and confessed to a 12- year scheme to defraud banks of $292 million, Bloomberg Markets reports in its May issue. He faces up to 19 and a half years in prison after pleading guilty to three bank fraud charges and one wire fraud charge. He must report to jail on April 30 and will be sentenced on June 30. “He certainly has had an extremely successful fraud up to now,” U.S. District Judge Sidney Stein said during the plea. The man whom President Clinton had nominated to be U.S. ambassador to Argentina and who’d brought in at least $2.4 million over 15 years for Democratic luminaries, including President Barack Obama and Vice President Al Gore, was remorseful and somber. “I’m deeply ashamed of my conduct,” Nemazee, 60, told the judge. bloomberg.com

To: Snowshoe who wrote (73022)	3/23/2010 3:35:12 AM
From: Haim R. Branisteanu	Respond to of 74559

OH - the lovely Clintons - How Nemazee Used Harvard Degree Swindling Banks of $292 Million By Kambiz Foroohar and David Glovin March 22 (Bloomberg) -- On the evening of March 13, 2007, limousines lined up outside the Cipriani restaurant in Manhattan’s Chelsea neighborhood. Inside, Hassan Nemazee, surrounded by New York’s deep- pocketed donors, was orchestrating one of the year’s major fundraisers for Hillary Clinton’s presidential bid. As guests dined on steak and beet salad, Nemazee introduced the senator and her husband, former President Bill Clinton. Harvard-educated Nemazee, a scion of one of Iran’s wealthiest families, helped raise more than $500,000 that night. Three years later, on March 18, Nemazee stood in a federal courthouse 2 miles (3 kilometers) away and confessed to a 12- year scheme to defraud banks of $292 million, Bloomberg Markets reports in its May issue. He faces up to 19 and a half years in prison after pleading guilty to three bank fraud charges and one wire fraud charge. He must report to jail on April 30 and will be sentenced on June 30. “He certainly has had an extremely successful fraud up to now,” U.S. District Judge Sidney Stein said during the plea. The man whom President Clinton had nominated to be U.S. ambassador to Argentina and who’d brought in at least $2.4 million over 15 years for Democratic luminaries, including President Barack Obama and Vice President Al Gore, was remorseful and somber. “I’m deeply ashamed of my conduct,” Nemazee, 60, told the judge. Millions Still Missing Prosecutors added to the charges on Sept. 21, accusing him of stealing hundreds of millions from HSBC and Bank of America Corp. He used the purloined money to juggle the loans and to finance the political donations, charitable contributions and real estate purchases that made him a fixture in political circles. Nemazee’s arrest was another political fundraising embarrassment. In September 2009, Norman Hsu, a Hong Kong-born businessman who brought in more than $800,000 for Hillary Clinton’s presidential bid, was sentenced to 24 years in jail after he was convicted of running a Ponzi scheme that defrauded investors of more than $20 million. bloomberg.com