The U.S. attorney in New York on Tuesday charged a New York investor and major Democratic fund-raiser with a $74 million scheme to defraud Citigroup Inc (C.N).
Hassan Nemazee, 59, was charged with one count of bank fraud, and faces up to 30 years in prison plus a fine. His lawyer Marc Mukasey, a former federal prosecutor, did not immediately return a call seeking comment.
Nemazee is better known for raising more than $100,000 for then-Presidential Candidate Hillary Clinton and more than $500,000 for Candidate Barack Obama during the 2008 Presidential election.
Democrat $74,000,000 fraud
Linear Mode
