Discuss as:

Dem fundraiser arrested for bank fraud

From NBC's Domenico Montanaro
A Democratic fundraiser was arrested and charged with one count of bank fraud today.

Bloomberg reports (hat tip: conservative blog RedState) that "Hassan Nemazee, chairman of Nemazee Capital Corp. and a fundraiser for President Obama and Hillary Clinton, was arrested on charges that he tricked Citigroup Inc. into lending him as much as $74 million using phony documents. Nemazee got the loan by telling Citibank that he held accounts with hundreds of millions of dollars which could serve as collateral, U.S. Attorney Preet Bharara said today in a statement. He used fake addresses and phone numbers to mislead the bank, prosecutors said."

Nemazee was an Obama bundler, DSCC national campaign finance chairman, John Kerry and Bill Clinton donor. He raked in more than $500,000 for candidate Obama.

One irony here: He's represented by Bracewell & Giuliani (yes, that Giuliani) attorney Marc Mukasey (of yes, that Mukasey family. He's the former Bush attorney general's son).

Nemazee apparently "repaid the loan to Citibank yesterday, a day after he was interviewed by Federal Bureau of Investigation agents, prosecutors said," per Bloomberg. "The interview took place at Newark Liberty International Airport as Nemazee was checking in for a flight to Rome."

This is one of those stories that would have been political fodder during a campaign, but you likely won't hear much about it today other than a few blog posts. Just asking, but what does that then say about the actual relevance/implications for candidates of stories like these -- despite their shiny metal object status' during campaigns?