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Friday, July 16, 2010

U.S. Political Fundraiser Gets 12 Years For Bank Fraud

NEW YORK - Hassan Nemazee, an Iranian-American businessman who raised money for the political campaigns of Barack Obama and Hillary Clinton, was sentenced to 12 years in prison for defrauding Bank of America Corp, Citigroup Inc and HSBC Holdings Plc out of $292 million.

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