Look at him looking all innocent in this digital image. This dude was able to allude banks into giving him $290 million by falsifying documents. You have to wonder if there are other folks involved in these scams that are able to get the check without being detected until after the money is spent. It makes me wonder out loud…didn’t the banks check the information of these people before dispensing the funds? The things that make you think….if it was my black ass…as soon as I went in there requesting $10K or more the feds would have been on my ass like stink on shit. The bank would have asked me for every document under the sun and than called all my references before they denied me the loan. Identity theft this huge is extremely questionable and surely not a one man operation. Now watch the credit card companies hit the credit card consumers with higher interest rates to offset their losses. Nemazee is under house arrest as part of a $25 million bail agreement. If convicted, he could face 30 years in prison on each of three counts of bank fraud and a mandatory two-year prison term on the aggravated identity theft charge.
Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday. Read More