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The United States Attorney for the Southern District of New York issued a press release today announcing the arrest of Hassan Nemazee, the Chairman and Chief Executive Officer of Nemazee Capital Corporation, “in connection with a scheme to defraud Citibank.” The complaint against Nemazee says he:
engaged in a fraudulent scheme to induce Citibank to lend up to $74 million to NEMAZEE based on false representations that NEMAZEE owned millions of dollars in collateral. NEMAZEE submitted, and caused to be submitted, to Citibank numerous documents that purported to establish the existence of accounts in NEMAZEE’s name at various financial institutions containing many hundreds of millions of dollars. In fact, those were fraudulent and forged documents.
This might prove slightly embarrassing because Nemazee is a major Democratic Party donor. According to federal records, he has donated at least $150,000 to the Democratic Senatorial Campaign Committee since 2006, and also gave money in recent years to Joe Biden, Hillary Clinton, Rahm Emanuel, Tom Vilsack, John Kerry and Harry Reid.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
There was no slant to the sun — it was just there, overhead, burning, making him sweat, making his underwear bind and the shirt stick to his back as if it had been glued on, and why he’d ever let Carolee talk him into this he’d never know. The bus lurched. There was a stink of diesel. Gears ratcheted beneath the floorboards, metal on metal, as if they were going to fuse or maybe explode into a thousand pieces at any moment. He looked beyond Carolee, out the window, feeling ever so slightly queasy, though everyone assured him the water was good here — potable, that was the word on everybody’s lips. Plus, the food was held to the highest standards and the glasses out of which they’d sipped their rum punch and rum Cokes and rum tonics had been scrupulously washed in hot sudsing pristine well water, because this wasn’t like Mexico or Guatemala or Belize, this was special, orderly, clean, a kind of tourist paradise. And cheap. Cheap too.
On top of it all, he had a headache. Or the beginnings of one. But that was understandable, because he’d gulped down three rum punches with lunch, so thirsty he could have drained the whole pitcher the waiter had set in the middle of the table, and no, he wasn’t going to drink the water, no matter what anybody said — not unless it came from a bottle with an unbroken seal. He rubbed his eyes. He had aspirin in his kit back on the ship. Cipro too. But that didn’t do him a whole lot of good now, did it? Anonymous streets rolled by, shops, people, dogs, ratty-looking birds infesting the trees and an armed guard outside every store — or tienda, as his guidebook had it — and what did that tell you about the level of orderliness here? Buenos vecinos. Welcome. Mi casa es su casa.
Acreage of a Christian nudist colony under development in Florida:
Florida’s wildlife officials decided to remove the manatee, which has a mild taste that readily adapts to recipes for beef, from the state’s endangered-species list.
A 64-year-old mother and her 44-year-old son were arrested for running a gang that stole more than $100,000 worth of toothbrushes from Publix, Walmart, Walgreens, and CVS stores in Florida.
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“He could be one of a million beach-bound, black-socked Florida retirees, not the man who, by some odd happenstance of life, possesses the brain of Albert Einstein — literally cut it out of the dead scientist's head.”