Another Dem Fundraiser Goes Down
Steve Rattner has some company today: One more prominent Upper East Side financier and Democratic mega-fundraiser is now facing an embarrassing financial scandal. Hassan Nemazee, who served as the New York finance chairman for John Kerry's presidential campaign in 2004 and raised hundreds of thousands of dollars for Hillary Clinton and, later, Barack Obama, was arrested on charges he "tricked" Citigroup into lending him as much as $74 million using phony documents. Nemazee was charged with one count of bank fraud and is expected to appear in federal court this afternoon. Although judging by some of Nemazee's shady political tactics over the years, it's possible that this wasn't first time he's forged a document or two. [Bloomberg]