Major Democrat Fundraiser Charged With Fraud

Democrats and fraud, perfect together. And in what should be considered a stunning development, the word Democrat actually appears in the Reuters headline.

The U.S. attorney in New York on Tuesday charged a New York investor and major Democratic fund-raiser with a $74 million scheme to defraud Citigroup Inc (C.N).

Hassan Nemazee, 59, was charged with one count of bank fraud, and faces up to 30 years in prison plus a fine. His lawyer Marc Mukasey, a former federal prosecutor, did not immediately return a call seeking comment.

Nemazee was a national finance chair of U.S. Secretary of State Hillary Clinton's 2008 presidential campaign, and a supporter of John Kerry's run for the White House in 2004.

He typically donates more than $100,000 annually to Democratic political candidates, including Senate Majority Leader Harry Reid and Senator Charles Schumer, and sits on the board of the Iranian American Political Action Committee .

Bill Clinton, when he was president, nominated Nemazee to be U.S. ambassador to Argentina.

Prosecutors said Nemazee, the chairman and chief executive of Nemazee Capital Corp, sought to induce Citigroup's banking unit to lend up to $74 million based on fraudulent and forged documents suggesting that he had hundreds of millions of dollars of accounts available as collateral.

They said Nemazee also provided Citigroup with fake references so that when the bank would try to confirm details about his accounts, it would actually be contacting him. The scheme lasted from December 2006 to this month, the prosecutors said.

Prosecutors said federal agents stopped him on Sunday at Newark Liberty International Airport as he prepared to board a flight to Rome, and that he repaid a more than $74 million loan to Citigroup the following day.

Sounds like he was going to abscond like another Clinton pal, Marc Rich.

Chuckie Schumer ought to be pleased to find out another of his major fundraisers now faces prison, just like his pal Bernie Madoff.

In addition to Nemazee and the now-imprisoned Norman Hsu, I wonder how many other criminal fundraisers were helping Hillary Clinton?

Here's a rundown of Democrats Nemazee contributed to: Also included are Democrat Senators Barbara Boxer, Joe Biden, Kirsten Gillibrand, Frank Lautenberg, Dick Durbin, Carl Levin, and Jay Rockefeller.

I'll wait with breathless anticipation for all of them to comment and offer to return his dirty money.

Michelle Malkin already has material for a new chapter of her best-selling book.

Democrats Reaffirm Moral Superiority, Vote to Ban Waterboarding

Sure, it gives them a chance to preen for the cameras and pander to their hardcore base--you know, those who support the other side--but in the end Bush will veto it anyway.

Forget the safety and well-being of potentially millions of Americans, they're more concerned with our image.

Congress on Wednesday moved to prohibit the CIA from using waterboarding and other harsh interrogation methods on terror suspects, despite President Bush's threat to veto any measure that limits the agency's interrogation techniques.

The prohibition was contained in a bill authorizing intelligence activities for the current year, which the Senate approved on a 51-45 vote. It would restrict the CIA to the 19 interrogation techniques outlined in the Army field manual. That manual prohibits waterboarding, a method that makes an interrogation subject feel he is drowning.

The House had approved the measure in December. Wednesday's Senate vote set up a confrontation with the White House, where Bush has promised to veto any bill that restricts CIA questioning.

Arguing for such restrictions, Senate Intelligence Committee Chairman Jay Rockefeller, D-W.Va., said the use of harsh tactics would boomerang on the United States.

"Retaliation is the way of the world. What we do to others, they will do to us — but worse," Rockefeller said.

He's right. Next thing you know, they might chop off the heads of our soldiers or torture them in unspeakable ways.

Oh wait, they do that already.

Never mind.

"This debate is about more than legality. It is also about morality, the way we see ourselves ... and what we represent to the world."

What you represent to the world, Mr. Rockefeller, is pusillanimity on a grand scale. What you represent, Mr. Rockefeller, is fecklessness, timidity and weakness.

No wonder our enemies want more Democrats in office.

Update: Thanks to Stop the ACLU for the link. Meanwhile, Michelle Malkin has the roll call, while Bryan at Hot Air discloses more unspeakable horror at Club Gitmo.

Curious to not neither Barack Obama or Mrs. Clinton showed up for the vote. How convenient. Senator McCain voted against this absurdity.

Melodramatic Sock Puppet Coming Unglued

Bush is a lawbreaker! Cheney's a criminal!

Now best-selling author and renowned constitutional attorney Sockety McSockpuppet is going after Jay Rockefeller.

Leading telecom advocate Fred Hiatt this morning turned over his Washington Post Op-Ed page today to leading telecom advocate Jay Rockefeller, the Democratic Senate Intelligence Committee Chairman, to explain why it is so "unfair and unwise" to allow telecoms to be sued for breaking the law. Just as all Bush followers do when they want to "justify" lawbreaking, Rockefeller's entire defense is principally based on one argument: 9/11, 9/11, 9/11.

The nutroots crackup is in full bloom.

Is it OK to have popcorn this early in the morning?