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: Instapundit.comNEW YORK TIMES: Fundraiser for Obama and Clinton Admits Fraud: A wealthy businessman who raised ?
By Glenn Reynolds
NEW YORK TIMES: Fundraiser for Obama and Clinton Admits Fraud:
A wealthy businessman who raised money for leading Democratic Party politicians, including Barack Obama and Hillary Clinton, pleaded guilty on Thursday to defrauding three major banks out of $292.2 million in loan transactions, Reuters reported.
Hassan Nemazee, 60, who once ran a private equity firm, admitted in Manhattan federal court to defrauding Bank of America of more than $142 million, Citigroup of $74.9 million and HSBC Holdings of $74.9 million to pay his debt to Citigroup.
Then there’s all the money he got people to donate based on “hope, change, and a new kind of politics . . . .”
Full post as published by Instapundit.com on March 20, 2010 (boomark / email).
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