Muckety mover - Hassan Nemazee indicted

A year ago, Hassan Nemazee, chairman of Nemazee Capital Corp., was a force behind the winners.

Although he had been a campaign bundler for Hillary Rodham Clinton, he quickly shifted his support to the new president, giving generously to the Obama inaugural committee. He had previously backed other Democrats such as John Kerry and Chuck Schumer.

In an indictment announced Monday, Nemazee was accused of defrauding Citigroup, HSBC and Bank of America of $292 million. The federal government has accused him of lying about his assets to obtain loans.

“For more than ten years, Hassan Nemazee projected the illusion of wealth, stealing more than $290 million so that he could lead a lavish lifestyle and play the part of heavyweight political fundraiser,” said U.S. Attorney Preet Bharara.

Now the candidates are fleeing their former booster.

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