U.S. charges Obama fund-raiser in $290 million fraud
September 22nd, 2009
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.
Related posts:
- "Hedge Fund Hotel" Manager Arrested For $1.6 Million Fraud
- BofA, ex-CEO Lewis deny Cuomo fraud charges
- BofA aided hedge fund fraud with bogus valuations
- Manhattan Attorney Charges 14 With Over $20 Million in Hedge Fund Insider Trading
- Criminal Charges Next? Barofsky To Coordinate With DOJ To See If US Taxpayers Were Victims Of Goldman Fraud
Posted in Implode