Hassan Nemazee

Not to be confused with Hassan Namazi.

Hassan Nemazee
Personal details
Born	(1950-01-27) January 27, 1950 Washington, DC
Party	Democratic
Alma mater	Landon School Harvard University
Occupation	Chairman/CEO of Nemazee Capital
Website	Nemazee Capital

Hassan Nemazee (born January 27, 1950) is an Iranian-American multimillionaire businessman, political fundraiser, and author known for his involvement in U.S. Democratic Party fundraising. In 2010 he was convicted of bank fraud and sentenced to 12 years in prison. He was released in 2019.

Life

Nemazee was born in Washington, D.C. on January 27, 1950 into a well-to-do Iranian family. He is the son of Mohammad Nemazee, an Iranian philanthropist known for founding institutions such as the Nemazee Hospital, the Nemazee School of Nursing, and the Shiraz Waterworks. His early life was shaped by the political upheaval of the Iranian Revolution, which forced his family into exile and resulted in the loss of much of their wealth. Following relocation to the United States, Nemazee rebuilt his personal and professional life. He attended Landon School, graduating in 1968. He received his Bachelor of Arts (BA) degree with Honors from Harvard University in 1972.

Nemazee has not returned to Iran since the Iranian revolution. Most of his family's property was seized by the new Iranian government. He later married Malekeh Nazie Eftekhari.

Nemazee is the brother of Susie Nemazee, the wife of the British Ambassador to the United States from 2012-2016, Sir Peter Westmacott.

Nemazee is the Chairman of Nemazee Capital.

Nemazee is the author of Persia, Politics & Prison, a memoir structured in three parts that chronicles his life journey. The book begins with his upbringing in Iran and the impact of the Iranian Revolution, which led to exile and financial loss. It then follows his rise in the United States as a businessman and political figure, including his involvement in high-level fundraising and public affairs.

Business interests

Nemazee built his career in finance and investment banking, primarily through his firm, Nemazee Capital, which he founded in 1987. The firm evolved from earlier ventures associated with Nemazee Holdings and focused initially on real estate development before expanding into a broader range of industries. These included sectors such as healthcare, energy, media, telecommunications, insurance, and asset management.

Earlier in his career, Nemazee was involved in joint ventures with major financial institutions, including partnerships linked to American International Group and banking relationships connected to predecessors of JPMorgan Chase.

He also had connections to investment management firms, including involvement with Carret Asset Management, which managed public funds, including state investment assets in the United States.

Political involvement

During the 2004 United States presidential election, Nemazee was the New York finance chair of the John Kerry Presidential campaign.

He later held a senior national role as finance chairman of the Democratic Senatorial Campaign Committee. Under his tenure, the committee raised approximately $115 million during the 2006 election cycle. With Nemazee as the national finance chair, Chuck Schumer's DSCC in 2006 raised $115 million, outpacing the NRSC by substantial sums, and helping the Democratic Party take control of the Senate.

More recently, Nemazee served as Finance Chairman to Hillary Clinton's 2007-08 presidential campaign, and also donated $50,000 (the maximum amount) to Barack Obama's Presidential Inaugural Committee. In addition, Nemazee was a bundler for the 2009 Presidential Inaugural Committee.

During his presidency, Bill Clinton nominated Nemazee to fill the position of U.S. Ambassador to Argentina.

Fraud conviction and imprisonment

Nemazee was arrested on August 25, 2009 and charged with bank fraud in the United States District Court for the Southern District of New York. Prosecutors charged Nemazee with using "fake account statements and forged signatures to show he had collateral worth hundreds of millions of dollars to fraudulently obtain $292 million in loans from Bank of America, Citibank and HSBC." He was later in 2010 found guilty by judge Sidney H. Stein, who called Nemazee's fraud “breathtaking in its brazenness, in its scope.”, and sentenced in him to 12 years in prison, as well as forfeiture of his assets, including "his $17.75 million Park Avenue duplex; an estate in southern Italy; a blue Maserati; shares in a yacht and private airplane; and $93 million in cash and securities.". Hassan Nemazee was released from prison early in February 2019 under the First Step Act.

External links

• "Hassan Nemazee's Memoir: Persia, Politics & Prison: A Life In Three Parts" from Amazon
• "Hassan Nemazee at Marmont Lane Books."
• "Rehabilitation in Iran" from the New York Times
• "Iranian Hospital Center Said To Rival Best In U.S." from the New York Times
• "U.S.-Type Hospital Dedicated By Shah" from the New York Times
• "A nod for envoy to Argentina" from Iranian.com
• "Blue in Your Face: Can the Democrats stay united long enough to take back the Senate? At least it's easier for them to raise money now" from New York Online Magazine
• "Obama shares fundraisers with Clinton" from USA Today
• "Clinton, Obama Could Help Each Other Financially" from USA Today
• "Clinton Asks Top Donors to Meeting With Obama" from the AP
• "Hassan Nemazee, Nemazee Capital Corporation’s Chairman and CEO Arrested this Morning" from www.BackgroundNow.com
• . FT Comment. Our ambassador to Paris, Sir Peter Westmacott, soon to be Ambassador in Washington, is married to Susie Nemazee, an Iranian-American. Lady Westmacott is the sister of Hassan Nemazee.
• Appearances on C-SPAN