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Friday, September 25, 2009

Brother-in-law of indicted top "bundler" for Obama's 2008 campaign arrested.

Many of the fake documents used by a leading Democratic Party fund-raiser to defraud HSBC and Citigroup Inc were made by his brother-in-law, U.S. prosecutors said on Friday.
Authorities arrested and charged Shahin Kashanchi, brother-in-law of indicted fund-raiser Hassan Nemazee, who donated to the presidential campaigns of Barack Obama, Hillary Clinton and other leading Democrats over the years.
Authorities arrested and charged Shahin Kashanchi, brother-in-law of indicted fund-raiser Hassan Nemazee, who donated to the presidential campaigns of Barack Obama, Hillary Clinton and other leading Democrats over the years.

Prosecutors and the FBI said Nemazee, 59, used the proceeds of his scheme to make donations to election campaigns of federal, state and local candidates, to political action committees and to charities.

Nemazee typically donated more than $100,000 annually to Democratic political candidates. He is listed as one of the top "bundlers" of contributions to Obama's 2008 presidential campaign, according to OpenSecrets.org, a website run by the Center for Responsive Politics research group.

(SEE FULL STORY AT REUTERS)

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