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The Green Zone

DNC, Obama to Donate Arrested Fundraiser's Money

By Dan Eggen
President Obama and the Democratic National Committee will donate to charity more than $60,000 that came from a prominent financier arrested this week on bank fraud charges, officials said Thursday.

New York investment banker Hassan Nemazee, who acted as a major fundraiser for Obama, Secretary of State Hillary Rodham Clinton and other Democrats, was charged in Manhattan federal court on Tuesday with lying about his assets in order to secure a $74 million loan from Citibank. Nemazee is under house arrest after posting a $25 million bond.

Prosecutors have not alleged any connection between Nemazee's alleged fraud and his political fundraising, but Democrats have been scrambling to distance themselves from the case by either returning contributions or donating them to charity in recent days.

Under the plans announced today by the DNC, the party committee will give away $7,100 contributed by Nemazee in 2008 and 2009 and the Obama for America campaign will donate to charity another $4,600. The Presidential Inaugural Committee, which organized activities celebrating Obama's swearing-in in January, will also donate $50,000 to charity that Nemazee gave to the organization, officials said.

Nemazee, chairman and chief executive of a self-named Manhattan investment firm, emerged as a Democratic heavyweight in recent years after serving as a regional fundraiser for Sen. John Kerry's 2004 presidential campaign and as finance chairman of the Democratic Senatorial Campaign Committee. The Iranian American son of a shipping tycoon became co-chairman of Clinton's presidential fundraising efforts before going on to raise more than $500,000 for Obama, making him one of the campaign's top financial bundlers.

Nemazee was President Bill Clinton's nominee in 1999 to be ambassador to Argentina, but his name was withdrawn amid objections from Republicans about the propriety of some of his investments.

According to the criminal complaint filed against him in Manhattan, Nemazee provided false account numbers, references and other information to Citibank to support his asset claims for the $74 million loan. He was first interviewed by FBI agents on Sunday as he was preparing to board a plane to Rome and returned the $74 million to Citibank on Monday. The 59-year-old financier spent a night in jail before being released wearing an electronic monitoring bracelet on Wednesday.

Posted at 1:29 PM ET on Aug 27, 2009  | Category:  The Green Zone
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So,WAPO tell us,if Comrade Barack Obama &
the Dummercrat National Communist Party will also be returning Anti-American Rich Fat Cat George Soros Millions Soros gaave to Our Marxist Dictator Barack Obama's 2008
Presidential Campaign as well now then?
Impeach Obama and Jail George Soros! End
Obama & Soros Marxifcation of the USA!

Posted by: sandy5274 | August 29, 2009 9:41 PM

The Obama jig is up, only the ignorant will survive this mess, but the people who are left standing will rise again. you can not make communist out of americans except for the few people that became infected by birth or environment.

Posted by: shamanjl | August 29, 2009 4:48 AM

The Obama jig is up, only the ignorant will survive this mess, but the people who are left standing will rise again. you can not make communist out of americans except for the few people that became infected by birth or environment.

Posted by: shamanjl | August 29, 2009 4:47 AM

The Obama jig is up, only the ignorant will survive this mess, but the people who are left standing will rise again. you can not make communist out of americans except for the few people that became infected by birth or environment.

Posted by: shamanjl | August 29, 2009 4:46 AM

And don't forget about NJ. As a matter of fact this donating corrupt funds to charity sounds very familiar. The mayor of Jersey City and his corrupt administration announced he would do the same thing. Donate $17,500 of corrupt money to charity. This is the same mayor to whom Obama donated 20 million. Of which little or no improvements can be detected except for a golf tournament that gave jobs to a select few. Nobody even knew!! I don't believe Obama knew diddly because he was so impressed with his own hype he didn't pay attention to the type of people he was dealing with or how it will come back to stab him in the back. He is an elitist without a clue. If he's interested I have a bridge in Brooklyn to sell him. Check out NJ.com and see how far the corruption goes in this state. All with Mr. Obama's blessing in return for their support. You can't even get a job in this city if you don't play ball with the right party. And that means any job. A decent citizen can't get a job sweeeping the street, because they have all been given to the ex-felons who handed out Mayor Healy's propaganda. Obama, look what you have wrought!!!!

Posted by: dylansdad15 | August 28, 2009 8:24 PM

WILL OBAMA & DEMOCRAT PARTY GIVE ALL THE MONEY TO CHARITY RECEIVED FROM CRIMINALS RESPONSIBLE FOR CURRENT FINANCIAL MELT DOWN?

Obama made a history by spending over $1 billion dollar to buy US Presidency, seven of the Obama campaign’s top 14 donors consisted of officers and employees of the same Wall Street firms Goldman Sachs, UBS, AG, Lehman Brothers, JPM Chase, Morgan Stanley, Citi Group & Credit Suisse charged time and again for looting the public in the name of Junk Bonds, Dot Com, Enron with energy derivatives. All of them are recently accused of looting the public again thru crafty debt derivatives and making Pulse only real estate Loans as well as price gauging of basic commodities by his 8th big donor hedge fund manager Citadel Investment Group.

The other 6 Obama Campaign top donors were 5 large Corporate Law Firms who are also registered as Lobbyist; Austin LLP, Jenner & Block, Kirkland & Ellis, Skadden, Arps, et al & Wilmerhale. The sixth not registered as lobbyist but does legal work for Wall Street. Obama took money from the partners of Mayer-Brown who is defending Merrill Lynch in court against charges of Racial discrimination. Obama also got millions from practically bankrupt Fannie Mae & Freddie Mac holding bulk of the fraudulent mortgages in America.

Dave Makkar

Posted by: davemakkar | August 28, 2009 12:59 PM

It seems the Obama team rarely knows anything about their associates.
Obama didn't hear Rev. Wright for twenty years blasting the U.S.
Didn't know about Rezko; he must not have read the papers.
He was too young to know that Wm. Ayres was / is a communist promoting violence and terrorism in the country (said they "should have done more"!)
Met with Wm. Ayres on the "radical" education reform repeatedly and his state senate run was launched at Ayres' home. Still didn't know Ayres was a communist.
Will BHO comment on this latest "crook" supporter? Nooooo, must not admit any association.
What a liar --And yet we are supposed to trust anything he says about health care? This country is a different place. Who are these people?

Posted by: pjcafe | August 28, 2009 12:42 PM

Ahh that is priceless, maybe now the OBH gang will release all the other violations of election money grubbing that so far have been held back in the name of "Open Administration".

Watch this "Jokers" deeds not his words!

Posted by: NeoConVeteran | August 28, 2009 12:06 PM

And it's "your" not "you're." Christ. Pathetic.

Posted by: nodebris | August 28, 2009 12:20 AM

"When 5 of you're cabinet appointees are rejected because their tax cheats"

Rejected by Obama's own vetting because they don't meet the stricter standards he himself implemented. Thus proving his superior integrity. Duh.

Wipe the drool off your chin, Dolt. And it's "they're" not "their." You can't spell any better than you lie.

Posted by: nodebris | August 28, 2009 12:19 AM

obozo the mack daddy would like to keep it but he is on the government dole now and doesn't need it.

Posted by: charlietuna666 | August 27, 2009 11:04 PM

askgees. President Bush #41 disagrees with you. Obama is standup guy who has brought integrity and family values to the office. (unlike Nixon and Clinton).

Posted by: madstamina | August 27, 2009 8:18 PM


Integrity????? what are you referring too? I don't believe integrity and Obama should ever be used in the same sentence. When 5 of you're cabinet appointees are rejected because their tax cheats pretty much kills the whole integrity thing. Having kids doesn't automatically equal family values either and we're all completely aware of that loser wife of his and her contempt for the down trodden Who other than Michelle would wear 500 dollar tennis shoes to a homeless shelter unless it was simply a publicity stunt. If she truly cared she would have hung around more than 3 min.

Posted by: askgees | August 27, 2009 9:03 PM

Just another OBAMA-nation...talk about about going south. How low can they go?

Posted by: freeparking | August 27, 2009 8:59 PM

askgees. President Bush #41 disagrees with you. Obama is standup guy who has brought integrity and family values to the office. (unlike Nixon and Clinton).

Posted by: madstamina | August 27, 2009 8:18 PM

If Obama and the DNC keep having to donate campaign donations received from the various slim-balls they associate with, they will be broke.

Posted by: BubbaRight | August 27, 2009 2:55 PM
---

And if the GOP did the same practice as President Obama they would be so far in debt that they would make the National Debt look small!

Posted by: dre7861 | August 27, 2009 4:13 PM


Maybe Obama should have paid more attention to the Jefferson scandal At least he tried hiding the money. Sorry m0r0n but Jefferson and Murtha have stolen more money then all republicans added together but then again considering you're a LIB T@RD no one really expects you to have a brain.

Posted by: askgees | August 27, 2009 8:08 PM

What charity, ACORN?

Posted by: alstl | August 27, 2009 8:01 PM

It makes no difference if he donates the money it's after the fact. I don't think the US has ever had such an incompetent President. Obama has more skeletons in his closet the a mafia don.... He's a disgrace to the office he holds.

Posted by: askgees | August 27, 2009 7:55 PM

Giving back the money seems an easy way out of the potential scandal by politicians. It certainly does not prevent future money peddling to politicians. We need to devise a way to hold politicians accountable for getting money from dubious sources.

Posted by: Igghy | August 27, 2009 5:33 PM

Shucks, they can donate some to me...

Posted by: dotellen | August 27, 2009 5:09 PM

The more we peel back, the onion known as Obama.

The more we discover, just what a shuck jive moulinyan he is.

Posted by: dashriprock | August 27, 2009 5:07 PM

If Obama and the DNC keep having to donate campaign donations received from the various slim-balls they associate with, they will be broke.

Posted by: BubbaRight | August 27, 2009 2:55 PM
---

And if the GOP did the same practice as President Obama they would be so far in debt that they would make the National Debt look small!

Posted by: dre7861 | August 27, 2009 4:13 PM

DEMOCRATS SCRAMBLE TO DONATE THE MONEY TO CHARITY-WHY WHEN HE IS PRESUMED INNOCENT? GUESS THEY KNOW HE'S GOING TO BE FOUND GUILTY! D.C. POLITICS STINK ON ICE.
"The charges prompted a scramble among top Democrats to distance themselves from Nemazee, 59, who together with his wife has contributed more than $750,000 over the past 15 years to federal committees and candidates, including Obama, Vice President Biden and Secretary of State Hillary Rodham Clinton, records show."
Obama gave back very little of the 250 thousand dollars that the now convicted corrupter of politicians Tony Rezko gave him but not the 300 thousand dollar discount on his Chicago mansion Obama received when Rezko and his wife paid $650 thousand dollars to the seller the full asking price for the lot adjacent that had to be sold or no deal for Obama. Then Rezko sold off a piece of his lot to Obama to enhance the Obama back yard and which made his unneeded lot unbuildable under the code. Rezko then sold the empty unuseable lot he never wanted to buy in the first place to friends.
Rezko is waiting to be sentenced until after he testifies in the Gov. Blago corrruption trial.
Obama received this help from Rezko who had earlied received help from State Senator Obama when Obama wrote letters supporting Rezko's public housing projects which ended up failed, some in Obama's own district. Rats infested these projects and the tenants were not provided heat during the winter. Obama did say that he IT WAS BONEHEADED to deal with the notorious Rezko at the time. It sure was. Rezko was in all the Chicago newpapers as being under FBI heavy investigation and Obama first denied knowing it but then fessed up!
This was all over the Chicago newpapers but the MSM ignored it.

Posted by: mharwick | August 27, 2009 4:11 PM

Wow, this adminstration can do "NO" wrong, can they?

Posted by: Kansasgirl | August 27, 2009 3:49 PM

i know. if only they had that untainted republican money...

Posted by: fatdime | August 27, 2009 3:07 PM

If Obama and the DNC keep having to donate campaign donations received from the various slim-balls they associate with, they will be broke.

Posted by: BubbaRight | August 27, 2009 2:55 PM

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