Democratic fundraiser indicted in NY

Source: AP

NEW YORK — Federal prosecutors have charged a wealthy fundraiser for Hillary Rodham Clinton and other top Democrats in an alleged $292 million Ponzi scheme that spanned more than a decade, saying he used some of the proceeds to support election campaigns.

In an indictment returned Monday in U.S. District Court in Manhattan, Hassan Nemazee is charged with bank fraud and aggravated identity theft.

"For more than 10 years, Hassan Nemazee projected the illusion of wealth, stealing more than $290 million so that he could lead a lavish lifestyle and play the part of heavyweight political fundraiser," U.S. Attorney Preet Bharara said in a statement. "Today's indictment exposes the sheer brazenness of Nemazee's schemes and marks the end of his decade of deception."

He used some of the proceeds of the fraud to make donations to the election campaigns of federal, state and local candidates as well as to political action committees and charities, prosecutors said. They didn't name the candidates or groups.

Read more: http://www.google.com/hostednews/ap/article/ALeqM5iC3CYATP4ke7JDlA0Hkb9nxXZ9tQD9AS2QA00

n/t

FINANCE CHAIRMAN for Clinton AND Kerry?

WTF?