Relative Of Democratic Fundraiser Charged In Multi-Million Dollar Scheme

A Colorado man faces charges that he helped a wealthy Democratic fundraiser cheat banks out of hundreds of millions of dollars.

Federal prosecutors said Friday that Telluride resident Shahin Kashanchi provided fake documents letting his brother-in-law Hassan Nemazee defraud three banks of more than $290 million.

Nemazee was the national finance chairman for Hillary Clinton's 2008 presidential campaign. He later raised money for Barack Obama.

Prosecutors say Kashanchi was to appear in court in Grand Junction, Colo. He's charged with bank fraud, punishable by up to 30 years in prison upon conviction.

His lawyer hasn't returned a message seeking comment.

Nemazee was charged previously. He says he's innocent.

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  • by Obama Snake Oil Co Location: Washington on Sep 27, 2009 at 07:05 AM
    Lavon, Derek and Barlow, can you weigh in on this? I mean this is the party you are so proud of. With Acorn and this, you should be proud.
  • by Anonymous on Sep 27, 2009 at 06:17 AM
    I wonder why The blue symbol is a donkey or a jackass or a stubborn mule.
  • by hope Location: NC on Sep 26, 2009 at 08:27 PM
    Former Pres Clinton had the unmitigated gall to state recently that the Iranian leader "had some explaining to do" .... The Clinton's & others may have some explaining to do as well! I have never been more disgusted with my government! Dear GOD, save us from ourselves.
  • by hope Location: NC on Sep 26, 2009 at 08:13 PM
    I will no longer associate myself with these IVY league crooks. They are no better than common street thugs. Actually the street thugs have more class. My party affiliation will be changed to independent & I hope everyone in America does likewise.
  • by Bob Location: Belhaven on Sep 26, 2009 at 06:49 PM
    You have got to be joking, a dumocrat cheating the banks out of millions of dollars. Where is the WMD's (Wealth of Maniac Dumocrats)! $290 Million? that would help fund ACORN pimps for a little while! That could be used to buy Peposiosi a new larger jet? You mean some of the money helped Wild Bill and "the one" get elected ? I haven't heard about this in the mainstream media, all I hear from them is Randy Quaid skipping out on a hotel bill! Well I guess they had to get their priorities straight! Oh I forgot, can't say anything bad about "the one", his minions and czars.
  • by Anonymous on Sep 26, 2009 at 05:46 PM
    Now you know how obama got his funds for his election!
  • by Hoopti Location: NC on Sep 26, 2009 at 12:06 PM
    OOHHHH!!!!! Your kidding? Are you sure??? Oh, I am so shocked. More shocked the liberal press printed it. Now lets blame all the republicans!!!!
  • by Obama Snake Oil Co Location: Washington on Sep 26, 2009 at 04:35 AM
    A corrupt democrat? How can it be, say it ain't so....reallllllly?
  • by Anonymous on Sep 25, 2009 at 07:32 PM
    This could very well be the last nail in our nations coffin. These are dark days.

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