In 2001, at the invitation of Mobil Oil Chairman Lucio Noto, whom he counts as a “personal friend,” Hassan Nemazee joined the board of the American-Iranian Council, a U.S. lobbying group that consistently has supported lifting U.S. sanctions on Iran and accommodating the Tehran regime.
Hassan Nemazee also helped establish the Iranian-American Political Action Committee (IAPAC) Because of his association with IAPAC, Hassan Nemazee was accused of serving as an agent for the Islamic government of Iran by the Student Movement Coordinating Committee for Democracy in Iran (SMCCDI)- via Crosswalk.
Hillary Clinton is seen at a dinner party and fundraiser at the Nemazee home in 2005. Hassan Nemazee is standing in the middle.
Hillary Clinton and Obama fund-raiser Hassan Nemazee was charged today in a $290 million fraud scheme.
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Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.
The announcement follows last month’s indictment of Nemazee, head of a private equity firm and an Iranian American Political Action Committee board member, on one count of defrauding Citigroup’s Citibank.
The new indictment adds allegations that he defrauded two other banks, Bank of America and HSBC Bank USA, in a similar fashion by falsifying documents and signatures to purportedly show he had hundreds of millions worth of collateral.
The office of the U.S. Attorney in Manhattan and the FBI said he used the proceeds of his scheme to make donations to election campaigns of federal, state and local candidates, donations to political action committees and charities.