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CULTURE OF CORRUPTION: Reuters: Democratic fund-raiser charged in Citigroup fraud. ?A major fund-?

By Glenn Reynolds

CULTURE OF CORRUPTION: Reuters: Democratic fund-raiser charged in Citigroup fraud. “A major fund-raiser for Barack Obama, Hillary Clinton and other Democrats was charged by federal prosecutors in New York in connection with a scheme to defraud Citigroup Inc (C.N). Hassan Nemazee, 59, was accused of one count of bank fraud for allegedly seeking a fraudulent $74 million loan from Citigroup’s banking unit, U.S. Attorney Preet Bharara and the Federal Bureau of Investigation said on Tuesday. Nemazee was a national finance chair of Hillary Clinton’s 2008 presidential campaign, and a supporter of Sen. John Kerry’s run for the White House in 2004. He typically donates more than $100,000 annually to Democratic political candidates, including Senate Majority Leader Harry Reid and Sen. Charles Schumer, and sits on the board of the Iranian American Political Action Committee. . . . Nemazee is listed as having been among the top ‘bundlers’ of contributions to Obama’s presidential campaign, according to OpenSecrets.org, a website maintained by a nonpartisan research group, the Center for Responsive Politics.”

Full post as published by Instapundit.com on August 25, 2009 (boomark / email).