Except when it will, in which case it's prettay, prettay, prettay easy to pull off. This guy knows what we're talking about.
Hassan Nemazee, chairman of Nemazee Capital Corp. and a fundraiser for President Obama and Hillary Clinton, was arrested on charges that he tricked Citigroup Inc. into lending him as much as $74 million using phony documents.
Nemazee got the loan by telling Citibank that he held accounts with hundreds of millions of dollars which could serve as collateral, U.S. Attorney Preet Bharara said today in a statement. He used fake addresses and phone numbers to mislead the bank, prosecutors said.
The accounts "either never existed or had been closed years before Nemazee submitted the documents referencing those accounts," Bharara said in the statement.