Top Obama & Clinton fund raiser stole $292 million

Sept. 22 (Bloomberg) — Hassan Nemazee, a top fundraiser for President Barack Obama and Hillary Clinton who was arrested last month for defrauding banks, was indicted by a grand jury for stealing $292 million from Citigroup Inc.,HSBC Holdings Plc and Bank of America Corp.

Prosecutors last month claimed Nemazee stole $75 million from Citigroup. The indictment adds Bank of America and HSBC to the case, expands the duration of the alleged fraud, and almost quadruples the amount that Nemazee, 59, is accused of stealing.

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