In Los Angeles, the unpopular, now former head of the Iman (Faith) - Iranian Moslem Association of North America - Organization - Dr. M.S. Namazi-Khah - has just been sentenced to 19-years in prison for theft and fraud on a scale almost in the league of the Hassan Namazi, New York case, also shown below. The similarity of names provides a wry smile.
As a center of Mullah operations in Los Angeles, the Iman center, an Iranian Islamic set-up operated to spread Sharia Islam in southern California and act as a clearing house for Iranian regime operations in southern California.
Namazikhah would visit Iran regularly and return with large amounts of money, used mostly to corrupt or buy support from both Iranians and Americans and try to convert them to Islam and to potential Dhimmitude (apologists for Islam).
He allegedly began to siphon off large amounts of Iman Center money and from Moslem adherents and was trying to leave the country with a huge amount of money when he was apparently stopped at the airport by the police.
The above sentencing is a breaking story.
Obama, Clinton fundraiser admits $292 million fraud
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NEW YORK (Reuters) - A wealthy businessman who raised money for leading Democratic Party politicians, including Barack Obama and Hillary Clinton, pleaded guilty on Thursday to defrauding three major banks out of $292.2 million in loan transactions.
Hassan Namazee, 60, who once ran a private equity firm, admitted in Manhattan federal court to defrauding Bank of America Corp of more than $142 million, Citigroup Inc of $74.9 million and HSBC Holdings Plc of $74.9 million to pay his debt to Citigroup.
During the plea proceeding, Iranian-born Namazee, who owned several multimillion dollar properties and had interests in various companies and hedge funds, said he had tried to get out of financial difficulty starting in the 1990s.
"It was my intention to repay ... but the hole that I dug was larger and I borrowed more," said the gray-haired, dapper Nemazee, who appeared embarrassed and contrite.
"I am deeply ashamed of my conduct, for the harm that I inflicted on the banks and most especially my family," he told U.S. District Judge Sidney Stein in a somber voice as family members sat in court.
Namazee, a former member of the board of the Iranian American Political Action Committee, was a U.S. citizen whose family left Iran after the revolution there in 1979.
The committee contributes to candidates for public office in the United States regardless of party affiliation and works to support Iranian American candidates and issues important to that community, such as immigration.
Namazee admitted to three charges of bank fraud and one charge of wire fraud. Prosecutors said he had obtained hundreds of millions of dollars in loans from the banks and used fake documents to show supposed ownership of collateral.
Namazee was listed as one of the top "bundlers" of contributions to Obama's 2008 presidential campaign, according to OpenSecrets.org, a website run by the Center for Responsive Politics.
He typically donated more than $100,000 annually to Democratic Party political candidates, including Obama and now-U.S. Secretary of State Hillary Clinton.
Namazee faces forfeiture of $292.2 million and restitution of $217.3 million. He agreed to forfeit interests in properties, corporate entities, hedge funds, securities accounts, bank accounts, a 2008 Maserati Quattroporte and a 2007 Cessna aircraft.
The judge allowed Nemazee to remain free on $25 million bail but under house arrest with electronic monitoring in his Manhattan apartment.
His lawyer, Paul Shechtman, successfully argued that his client was not a flight risk, but out of concern that he had property overseas and perhaps tens of millions of dollars to his name, he was ordered to surrender on April 30.
The judge said that would give him time to get his affairs in order before sentencing on June 30.
Prosecutors said the fraud took place from 1998 until Nemazee's arrest in August 2009 as he was about to make a trip overseas.
The office of Manhattan U.S. Attorney Preet Bharara and the FBI said Namazee had used proceeds from his scheme to make donations to election campaigns of federal, state and local candidates, political action committees and charities.
They said he also bought property in Italy and paid for maintenance on two properties in New York.
The Democratic National Committee declined to comment, but an official said it had been previously announced that the affected donations would go to charity.
The offenses call for a maximum possible prison term of 30 years but the judge said that under federal guidelines following his guilty plea, Namazee faced a sentence of between 15 years, eight months and 19 years, seven months.
U.S. prosecutor Daniel Levy told the court the government had committed considerable resources to tracking down Nemazee's wealth and believed he was still worth millions.
"There is a big hole of money we have just not been able to find," Levy said.
The case is USA v Nemazee, U.S. District Court for the Southern District of New York No. 09-902.