Ex-Democratic donor Hassan Nemazee, 60, jailed for 12 years for fraud
July 16, 2010
Total Loss:
$292 Million
A top Democratic money man for Hillary Clinton's failed presidential run was tossed in jail for 12 years for bank fraud. Hassan Nemazee, 60, the finance chair for Clinton's campaign, pleaded guilty in March to a $292 million Ponzi swindle. The investment banker faced more than 19 years in jail but Manhattan Federal Judge Sidney Stein cut him a break.
Source:
NYDailyNews.com
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