Is this Obama’s Abramoff? 

Iranian-born Hassan Nemazee - one of Barack Obama’s top campaign contribution “bundlers” and a major Democratic Party donor - has pleaded guilty to four counts of bank and wire fraud.

Besides Obama, Nemazee helped bankroll prominent Democrats such as Joe Biden, Harry Reid, John Kerry, Hillary Clinton, Al Franken, Chuck Schumer, Dick Durbin, James Webb, and Rahm Emanuel.

Former DNC chairman Terry McAuliffe attended many fund-raisers at Nemazee’s Park Avenue apartment, including an event that raised $350,000 for McAuliffe’s own unsuccessful campaign for governor in Virginia.

Nemazee admitted using fake documents to get $292 million in loans from Bank of America, Citigroup and HSBC Holdings. Although he agreed to hand over millions of dollars worth of real estate, hedge fund, securities and bank accounts, a 2008 Maserati and a 2007 Cessna, prosecutor Daniel Levy told U.S. District Judge Sidney Stein that there’s millions more the government has not yet located.

Keep looking.

Judge Stein allowed Nemazee to remain free on $25 million bail under house arrest in his Manhattan apartment until his sentencing on June 30.





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Michael Daboll

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