Ex-Clinton Campaign Finance Chief Is Indicted For Bank Fraud

More

The Justice Department today indicted Hassan Nemazzee, chairman of a New York investment bank and former finance chairman of Hillary Clinton's presidential campaign, on charges of bank fraud. According to government officials, Nemazzee conspired to defraud Citigroup out of $74 million by claiming loan collateral he did not have. According to the indictment, accounts that Nemazzee showed to Citigroup were fictitious or had been closed years earlier. When Citigroup employees tried to verify the accounts, they were routed to a telephone number that Nemazee himself controlled. The one count of bank fraud carries a maximum 30-year prison sentence and a fine of up to $1 million. The alleged fraud took place after the presidential campaign.

Jump to comments
Presented by

Marc Ambinder is an Atlantic contributing editor. He is also a senior contributor at Defense One, a contributing editor at GQ, and a regular contributor at The Week.

Get Today's Top Stories in Your Inbox (preview)

Sad Desk Lunch: Is This How You Want to Die?

How to avoid working through lunch, and diseases related to social isolation.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Where Time Comes From

The clocks that coordinate your cellphone, GPS, and more

Video

Computer Vision Syndrome and You

Save your eyes. Take breaks.

Video

What Happens in 60 Seconds

Quantifying human activity around the world

Writers

Up
Down

More in Politics

Just In