Hassan Nemazee, Prominent Democratic Donor, Pleads Guilty To $292 Million Fraud

Hassan Nemazee, Prominent Democratic Donor, Pleads Guilty To $292 Million Fraud
|
Open Image Modal

A once-wealthy businessman and prominent donor to Democratic candidates pleaded guilty on Thursday to stealing hundreds of millions of dollars to buy property in Westchester County, donate to charity and give money to political campaigns.

"I am deeply ashamed of my conduct," the man, Hassan Nemazee, 60, told Judge Sidney H. Stein in Federal District Court in Manhattan. "I accept full responsibility for my actions."

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost