It looks like that fraudulent $74 million loan that top Democratic fundraiser Hassan Nemazee allegedly obtained from Citigroup may have just been the tip of the iceberg.
In a letter to the judge in Nemazee’s case, reported by Reuters, prosecutors claimed that Nemazee also ripped off two other banks.
One of those additional swindles was used, prosecutors wrote, to pay back that $74 million to Citigroup. Additionally, “the Government learned last week that the defendant had defrauded yet another financial institution (Bank No. 3) by obtaining multiple lines of credit on the basis of similar false and fraudulent information.”
With the charges against the former top fundraiser for Hillary Clinton’s presidential campaign seemingly set to mushroom, could other political contributors or Nemazee associates find themselves dragged in?
Disqus Conversations
Click here to read the Disqus Commenting FAQ.