Hassan Nemazee

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Mr. Hassan Nemazee "was born in Washington, D.C. and "is the Chairman and CEO of Nemazee Capital Corporation. Nemazee Capital Corporation is a holdings company, which invests in both public and private companies.

"From 1979 to 1987, he served as Chairman and CEO of HN Properties, which developed real estate in Houston, Texas and Suburban Washington, D.C.

"From 1972 to 1979, Mr. Nemazee served as Chairman and CEO of Nemazee Holdings. Nemazee Holdings was joint venture partner of American International Group, Morgan Bank and Linbeck Construction in Iran.

  • Member of Board of Trustees Asia Society March 2003
  • Nominated by President Clinton to be the U.S. Ambassador to Argentina 1999
  • Member of the Visiting Committee of the Center for International Affairs, Harvard University. 1998 - present
  • Member of the Visiting Committee on University Resources, Harvard University 1986 - 2002
  • Member of the Board of Directors, American Iranian Council 2001 - 2002
  • Member of the Middle East Center Advisory Council at Harvard University 1990 - 1994
  • Member of International Affairs Planning Committee, Harvard University 1990 - 1995
  • Named a John Harvard Fellow 1996
  • Vice Chairman of Encyclopedia Iranica affiliated with Columbia University 1990 - 1998
  • Member of the Board of Trustees of the Spence School 1993 - 1997
  • Member of the Board of Trustees of the Brian Trauma Foundation 1996 - present" [1]

Married to Sheila Nemazee. [2]

Fraud Allegations and House Arrest

Hassan Nemazee is currently under house arrest in relation to charges of forgery relating to fraudulent financial dealings.

"The chairman and chief executive of Manhattan-based Nemazee Capital Corp. served as national finance chairman for Clinton's presidential campaign in 2008. He raised money for Obama after her primary defeat. In August, 2009, Nemazee "was freed under a $25 million bail package that requires him to pledge his Park Avenue apartment and a Katonah, N.Y., home worth $8 million as collateral within a week. He has $24 million of equity in the properties. He is also banned from using computers or the Internet or getting new cell phones or bank loans."[1]

As reported by the Associated Press on August 26, 2009, "acording to a criminal complaint, Nemazee arranged a $25 million bank line of credit to borrow from in 2006 and extended it last November so he could borrow up to $80 million. The original credit line required him to have a minimum net worth of $250 million while the extended credit line required his net worth to be at least $500 million.

The charges resulted after Citibank sought to verify his collateral assets and discovered that Nemazee had used forged documents to show he had financial accounts worth hundreds of millions of dollars, the complaint said.

Nemazee, who has not had to enter a plea because he has not been indicted, faces up to 30 years in prison if he is convicted."

External links

  • NY fundraiser for Democrats freed on bail ,article by Larry Neumeister (Associated Press) – Aug 26, 2009.