NEW YORK – A wealthy Manhattan investment banker who was once a top fundraiser for Hillary Rodham Clinton and other big-name Democrats has been sentenced to 12 years in prison for bank fraud. Hassan Nemazee (hah-SAHN' nah-MAH'-zee) was sentenced Thursday in federal court in Manhattan.
He had reached a plea deal in March. He has admitted to three counts of bank fraud and one count of wire fraud.
Prosecutors say he forged signatures and concocted bogus account statements to conceal a scam in which he was using proceeds from new loans to pay off older ones.
Nemazee had been the national finance chairman of Clinton's 2008 presidential campaign. He also raised money for President Barack Obama and other prominent Democrats.
