University Diaries » What’s the deal between Harvard University and Hassan Nemazee?

From Hassan Nemazee’s website cv:

– Member of the Visiting Committee of the Center for International Affairs, Harvard University 1998 – 2005

– Member of Visiting Committee on University Resources, Harvard University 1986-2002

– Member of the Middle East Center Advisory Council at Harvard University 1990 – 1994

– Member of the International Affairs Planning Committee, Harvard University 1990-1995

– In 1996 was named a John Harvard Fellow

– Taught seminars at Harvard and also in Japan and Korea in conjunction with Harvard University.

Nemazee will go to prison for twenty years or so because of his Madoff-style fraud.

In addition to seeking to force Nemazee to forfeit $292 million, the indictment seeks his interest in five pieces of real estate, 16 corporate entities and one hedge fund, 14 securities accounts, 32 bank accounts, a 2008 Maserati Quattroporte, and a 2007 Cessna airplane.

“For more than ten years, Hassan Nemazee projected the illusion of wealth, stealing more than $290 million so that he could lead a lavish lifestyle and play the part of heavyweight political fundraiser,” U.S. Attorney Preet Bharara said last week.

“Today’s indictment exposes the brazenness of Nemazee’s schemes and marks the end of his decade of deception.”

The man is virtually a creation of Harvard university:

Around the time George W. Bush joined its board, Harken [oil company, with which Nemazee is connected] received an unusual and sizable cash infusion from the Harvard Management Company, which handles Harvard University’s endowment, the largest in the nation. Robert G. Stone, Jr., a figure with ties to US intelligence and to the Bushes, was head of the Harvard board of overseers that approved financial strategies. Former employees of Harvard Management have recently made highly-publicized charges that the company engaged in Enron-style investment practices. (Prior to going to work for Nemazee and Quasha, Terry McAuliffe had publicly criticized Bush for his financial dealings with Harken, disparaging that company’s own Enron-like accounting. Both Quasha and Nemazee, like Bush, have Harvard degrees, and both have sat on prestigious Harvard committees in recent years.)

Madoff and Merkin got respectability cover from Yeshiva University; Nemazee got that and more from Harvard.

UD awaits details of Nemazee’s financial relationship with Harvard University.

She also awaits Harvard’s public reckoning with its extensive institutional support of one of the nation’s most notorious criminals.

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