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NEW YORK—A Colorado man has pleaded not guilty to charges that he helped a prominent Democratic fundraiser cheat banks out of about $292 million.
Shahin Kashanchi (shuh’-HEEN kuh-SHAHN’-chee) of Telluride, Colo., appeared Monday in Manhattan federal court.
Prosecutors say he provided fake documents that helped his brother-in-law, Hassan Nemazee (hah-SAHN’ nah-MAH’-zee), defraud three banks.
Nemazee was the national finance chairman for Hillary Rodham Clinton’s 2008 presidential campaign. He later raised money for President Barack Obama.
Kashanchi could face up to 30 years in prison if convicted of bank fraud. His lawyer, Sabrina Shroff, declined to comment.
Nemazee, who was charged previously, denies wrongdoing.
