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National Briefing / New York

Fundraiser faces bank fraud charge

September 22, 2009|Times Wire Reports

Prosecutors charged a fundraiser for Hillary Rodham Clinton and other top Democrats in an alleged $292-million Ponzi scheme that spanned more than a decade, saying he gave some of the money to election campaigns.

In an indictment returned in U.S. District Court in Manhattan, Hassan Nemazee is charged with bank fraud and aggravated identity theft. He was arrested in August on charges that he used forged documents to obtain a $74-million loan. Prosecutors allege that he fraudulently obtained loans worth hundreds of millions of dollars.

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