Hassan Nemazee Off With Hassan Nemazee's Head

Hassan Nemazee is a multimillionaire Iranian-American investment banker and Chairman of Nemazee Capital. On August 25th, 2009 Nemazee was arrested for fraudulently applying for a loan of over $74 million from Citigroup.
Hassan Nemazee
Source: Unknown

On September 21,2009, Preet Bharara, the U.S. Attorney for the Southern District of New York, announced the indictment today of Hassan Nemazee, the Chairman and Chief Executive Officer of Nemazee Capital Corporation, for defrauding Bank of America, N.A. (BofA), Citibank, N.A. (Citibank), and HSBC Bank USA, N.A. (HSBC), of more than $290 million in loan proceeds. [PRNewswire-USNewswire ]

Nemazee was born in Washington, D.C. on January 27, 1950 and attended Landon School, graduating in 1968. He received his Bachelor of Arts (AB) degree with Honors from Harvard University in 1972. Nemazee has not returned to Iran since the Iranian revolution. Most of his family's property was seized by the new Iranian government.

Nemazee Capital was established in 1987 and, either directly or through associated entities, has invested in the following sectors: health care, media, oil and gas, insurance, investment banking, asset management, newspapers, real estate development, technology, and communications.

Nemazee is also known as one of the top political donors in the United States.

During the United States presidential election, 2004, Nemazee was a supporter of John Kerry and a major contributor to his campaign. He was the New York Finance Chair for the Kerry campaign, and is currently the national finance chairman of the Democratic Senatorial Campaign Committee. With Nemazee as the national finance chair, Chuck Schumer's DSCC in 2006 raised $115 million, outpacing the NRSC by substantial sums, and helping the Democratic Party take control of the Senate. During his presidency, Bill Clinton nominated Nemazee to fill the position of U.S. Ambassador toArgentina.

More recently, Nemazee served as Finance Chairman to Hillary Clinton's 2007-08 presidential campaign, and also donated $50,000 (the maximum amount) to Barack Obama's Presidential Inaugural Committee. In addition, Nemazee was a bundler for the 2009 Presidential Inaugural Committee.

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