Fund-Raiser Is Accused of $74 Million Fraud

[Ringel05]

I know both parties have their scandal issues but this may be hitting to close to home for the Democrats.

A wealthy New York investor and prominent Democratic Party fund-raiser with ties to President Obama and Hillary Rodham Clinton was arrested on Tuesday and accused of lying about his assets to obtain a $74 million loan from Citibank.

http://www.nytimes.com/2009/08/26/nyregion/26fraud.html?_r=1&bl&ex=1251432000&en=7d1bba04578a733a&ei=5087%0A

 

[RetiredGySgt]

I know both parties have their scandal issues but this may be hitting to close to home for the Democrats.

A wealthy New York investor and prominent Democratic Party fund-raiser with ties to President Obama and Hillary Rodham Clinton was arrested on Tuesday and accused of lying about his assets to obtain a $74 million loan from Citibank.

http://www.nytimes.com/2009/08/26/nyregion/26fraud.html?_r=1&bl&ex=1251432000&en=7d1bba04578a733a&ei=5087%0A

Wait, there will be the denials, the excuses and the avoidance of this thread just as soon as the Liberals wake up.

You fail to grasp simple facts. If someone other then a Democrat breaks the law it is bad and is used to label all non democrats that had even a passing acquaintance with the person. If a Democrat is caught, he was a lone loose cannon, acting alone. Further the left will begin making excuses for why this is just a witch hunt, isn't true, never happened and is all Bush's fault.

 

[RetiredGySgt]

Prosecutors charged that Mr. Nemazee’s fraud scheme began around December 2006, when he began making agreements with Citibank that allowed him to pledge collateral for the right to borrow millions of dollars. But statements he gave the bank claiming to show that he had the necessary collateral were fakes, the complaint said.

http://www.nytimes.com/2009/08/26/n...bl&ex=1251432000&en=7d1bba04578a733a&ei=5087

Done while fund raising for the democrats and before he went on to fund raise for Hillary and Obama. Go ahead Libs tell us how this doesn't matter.