Bloomberg:

Hassan Nemazee, chairman of Nemazee Capital Corp. and a fundraiser for President Obama and Hillary Clinton, was arrested and accused of tricking Citigroup Inc. into lending him up to $74 million based on phony documents.
Nemazee, a prominent donor to Democratic presidential candidates, got the loan by telling Citibank he held accounts with hundreds of millions of dollars that could be used as collateral, U.S. Attorney Preet Bharara said in a statement. He used phony addresses and phone numbers he controlled to trick the bank, prosecutors said.

Nemazee was the National Finance Chair for Hillary’s presidential bid as well as the National Finance Chair for the Democratic Senatorial Campaign Committee through the 2006 cycle. Curiously, Bloomberg is one of the few outlets that has thus far mentioned his political activities.

UPDATE: As many of you noticed, the original headline — written a bit too hastily — “Hillary Clinton and DSCC Finance Chair Arrested” was unintentionally misleading. Consider my knuckles rapped. I’m going to go curl up with a copy of Strunk and White now.