Tuesday, September 22, 2009

I guess Hassan Nemazee contributed to Sherrod Brown also

This political contributor is in BIG trouble.

A wealthy fundraiser for Hillary Clinton and other Democrats has been indicted on charges of bank fraud and aggravated identity theft in an alleged $292 million Ponzi scheme.

Federal prosecutors announced the indictment against 59-year-old Hassan Nemazee in New York yesterday. It says he fraudulently obtained loans from three banks between 1998 and this year.

Nemazee served as national finance chairman for Clinton's 2008 presidential campaign and later raised money for President Barack Obama after Clinton's defeat.

He also was Sen. John Kerry's finance chairman in New York for his 2004 bid for president.

I've always said in my regular speeches at the barber shop that if you're going to bother pulling off a major bank fraud caper, let alone aggravated identity theft, you might as well couple it with a Ponzi scheme to fully leverage the ill-gotten gains. Then contribute money to everyone from Rahm Emanuel to Sheldon Whitehouse.

Here's a list of beneficiaries of Nemazee's scheme. I noticed several Repubs on the list, notably Sam Brownback and Kay Hutchinson. But mostly it reads like a Who's Who list for big Washington Dems. Hopefully Sherrod Brown will return the dough.

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