LawFuel.com – 26 August, 2009 – PREET BHARARA, the United States Attorney for the Southern District of New York, RAYMOND W. KELLY, the Police Commissioner of the City of New York, and JAMES T. HAYES, JR.,
the Special Agent-in-Charge of the New York Office of the
Department of Homeland Security’s U.S. Immigration and Customs
Enforcement (“ICE”), announced that LARRY WARREN, a/k/a
“Dad4real4u@aol.com,” pleaded guilty yesterday in Manhattan
federal court to using a computer and the Internet to attempt to
entice minors to engage in sexual activity in violation of New
York State laws.

According to the criminal Complaint, the Indictment to
which WARREN pleaded guilty, and statements made in court during
yesterday’s plea proceeding:

Beginning in November 2008, WARREN sent American Online
(“AOL”) instant messages to a detective with the New York Police
Department (“NYPD”) who was acting in an undercover capacity as a
mother of two daughters, ages thirteen and nine. On numerous
occasions up to February 2009, WARREN sent AOL instant messages
to the detective regarding WARREN’s interest in traveling to New
York to engage in sexual activity with the mother and two
daughters. On February 12, 2009, WARREN flew to New York from
Tennessee for the purpose of engaging in sexual acts with the
mother and two daughters.

WARREN, 52, of Pinson, Tennessee, pleaded guilty to
Count One of an Indictment charging him with using a computer and
the Internet to attempt to entice one and more individuals who
had not attained the age of 18 years to engage in sexual activity
in violation of New York State laws. The charge carries a
maximum term of life in prison, a mandatory minimum term of 10
years in prison, and a maximum fine of $250,000.
Mr. BHARARA praised the investigative work of NYPD and
ICE.

Assistant United States Attorney BRIAN A. JACOBS is in
charge of the prosecution.

LawFuel.com – 26 August, 2009 – PREET BHARARA, the United States Attorney for the Southern District of New York, and JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Office of the
Federal Bureau of Investigation (“FBI”), announced the arrest
this morning of HASSAN NEMAZEE, the Chairman and Chief Executive
Officer of Nemazee Capital Corporation, in connection with a
scheme to defraud Citibank, N.A. (“Citibank”). According to the
Complaint filed in Manhattan federal court:

NEMAZEE engaged in a fraudulent scheme to induce
Citibank to lend up to $74 million to NEMAZEE based on false
representations that NEMAZEE owned millions of dollars in
collateral. NEMAZEE submitted, and caused to be submitted, to
Citibank numerous documents that purported to establish the
existence of accounts in NEMAZEE’s name at various financial
institutions containing many hundreds of millions of dollars. In
fact, those were fraudulent and forged documents.

Specifically, the various accounts referenced in the
fraudulent documents that NEMAZEE submitted, and caused to be
submitted, to Citibank either never existed or had been closed
years before NEMAZEE submitted the documents referencing those
accounts. Furthermore, on many of the documents at issue,
NEMAZEE falsely provided as the address and telephone numbers of
various financial institutions purportedly vouching for his
financial strength an address and telephone number that was, in
fact, controlled by NEMAZEE. As a result, in the event anyone at
Citibank made an effort to confirm the existence of the assets reflected on the fraudulent documents submitted by NEMAZEE, they
would in fact be contacting a telephone number assigned to
NEMAZEE himself, and not any financial institution.

On August 23, 2009, federal agents interviewed NEMAZEE
at Newark Liberty International Airport, as he was in the process
of checking in for a flight to Rome, Italy. On the afternoon of
August 24, 2009, NEMAZEE repaid to Citibank his outstanding loan,
an amount in excess of $74 million.

NEMAZEE, 59, currently resides in Manhattan and
Katonah, New York. He is charged with one count of bank fraud,
which carries a maximum prison term of 30 years and a maximum
fine of $1,000,000 or twice the gain or loss resulting from the
crime.

NEMAZEE is expected to be presented later today in
Manhattan federal court before United States Magistrate Judge
RONALD L. ELLIS.

Mr. BHARARA praised the investigative work of the FBI.
Mr. BHARARA said that the investigation is continuing.
Assistant United States Attorneys JOHN M. HILLEBRECHT
and DANIEL W. LEVY are in charge of the prosecution.

The charge and allegations contained in the Complaint
are merely accusations, and the defendant is presumed innocent
unless and until proven guilty.