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Imaad Zuberi and President Barack Obama |
Imaad Zuberi is vice chairman of private equity and venture capital firm Avenue Ventures. He has “closed over $15 billion in transactions” at the firm, according to his Linked-in profile. His firm's clients include start-ups, major corporations and sovereign wealth funds.
Prior to donating to the Trump campaign, Zuberi is known to have also donated to Democratic Party candidates including former President Barack Obama and Secretary of State Hillary Clinton. In fact, Zuberi was a top fundraiser for President Obama’s 2012 reelection campaign and Hillary Clinton’s 2016 presidential campaign, according to data from Open Secrets.
He was born in 1970 in Albany, New York to a Pakistani father and an Indian mother. He has an undergraduate degree in business and finance from the University of Southern California and an MBA from Stanford University which he earned in 2006. He has kept up with the Pakistani community in Los Angeles, his home base, and as early as 2004 was raising money from them for John Kerry’s presidential campaign that year, to which he made his first contribution, a modest $1,000 donation, according to a story in Foreign Policy magazine.
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Pakistani-American Billionaire Shahid Khan |
There have been several Pakistani-American donors to US election campaigns in the news in recent years. Among them is Dr. Asad Qamar, a graduate of Lahore's King Edwards Medical College, who received $18.2 million in payments from US Medicare program in 2012, making him the second highest billing doctor in America. Dr. Qamar is a member of APPNA, Association of Physicians of Pakistani Descent in North America. He was a candidate for the presidency of APPNA in 2013.
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Asad Qamar M.D. |
Dr. Qamar has been subjected to lengthy reviews of his billing practices by US Department of Health and Human Services. He has complained to President Obama and other officials that the contractors conducting the reviews for the HHS were slow and unresponsive. Dr. Qamar told New York Times that his payments were high because his practice, which has 150 employees and a caseload of 23,000 patients, routinely handles complicated procedures like opening blocked arteries in the legs of older patients, which normally would be billed by a hospital.
Pakistani-American community is beginning to participate in the American political processes not only as donors but also as voters and candidates for public offices. In 2018 elections, Pakistani-American attorney Javed Ellahie was among 5 American Muslims elected to local office in the San Francisco Bay Area. It's a sign American voters are ready for diverse leadership despite troubling increases in hate crimes nationwide, according to the Council on American Islamic Relations. Across America, there are 55 American Muslim candidates who won election to public offices, 11 of them in California, according to CAIR. Two Muslim American women, Rashida Tlaib and Ilhan Omar, were elected to the United States Congress in 2018.
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Permian Basin Petroleum Association (PBPA) Honors #Pakistani #American #Oilman S. Javaid Anwar with Top Hand Award. #Texas https://www.mrt.com/business/oil/article/PBPA-honors-S-Javaid-Anwar-with-Top-Hand-Award-13544304.php?utm_campaign=CMS%20Sharing%20Tools%20(Desktop)&utm_source=t.co&utm_medium=referral via @mwtnews
S. Javaid Anwar received the Top Hand Award from the Permian Basin Petroleum Association Thursday at a dinner at the Petroleum Club.
The award adds to his growing list of accolades, which include the Hope award from the National Multiple Sclerosis Society and the Outstanding Philanthropist award from the Permian chapter, Association of Fundraising Professionals. Anwar, president and chief executive officer of Midland Energy and of Petroplex Energy, was appointed to the Texas Higher Education Coordinating Board by Abbott.
#Pakistani-#American Donor Imaad Zubari Jailed For 12 Years. #California #VentureCapitalist was sentenced after pleading guilty to charges of obstructing a federal investigation into a nearly $1 million donation to ex President #Trump's #Campaign https://www.nytimes.com/2021/02/19/us/politics/imaad-zuberi-sentence.html?smid=tw-share
A California venture capitalist was sentenced on Thursday to 12 years in prison after pleading guilty to charges that included obstructing a federal investigation into a nearly $1 million donation to former President Donald J. Trump’s inaugural committee.
The businessman, Imaad Zuberi, was sentenced by a federal judge in California and ordered to pay $1.75 million in criminal fines and $15.7 million in restitution.
Mr. Zuberi, 50, had pleaded guilty to the obstruction of justice charge last year. It stemmed from a federal investigation into the source of $900,000 he had donated through his company, Avenue Ventures, to Mr. Trump’s inaugural committee in December 2016.
A lawyer for Mr. Zuberi declined to comment on Friday. He has acknowledged that his political donations were intended to gain access to politicians, public officials and business executives.
“To open doors, I have to donate,” he told The New York Times in 2019. “It’s just a fact of life.”
Mr. Zuberi had donated heavily to Democrats, including committees supporting President Barack Obama and then Hillary Clinton’s 2016 campaign, before abruptly pivoting to Republicans after Mr. Trump’s victory. In Washington political circles, he was notable less for the scale of his giving than for its transactional nature.
Mr. Zuberi said in 2019 that his donation to Mr. Trump’s inaugural fund was at least partly intended to give him access to inaugural events where he hoped to talk business with Trump-backing investors and executives. But he said his attendance at the inaugural events did not yield any business — and backfired after his company’s donation was cited in a subpoena.
Mr. Zuberi was also sentenced on Thursday on a range of other charges to which he had pleaded guilty in 2019, and for which he could have faced a maximum sentence of 15 years in federal prison.
Some of those charges relate to nearly $1 million in illegal campaign donations made from April 2012 through October 2016 as part of a scheme to gain access to American politicians for foreign clients. Some of those donations were funded by foreign sources.
Others related to his lobbying work in Washington for the government of Sri Lanka, whose image he was trying to repair in Washington amid concerns about the country’s treatment of Tamil minority groups.
Mr. Zuberi falsified records filed with the Justice Department under the Foreign Agents Registration Act to conceal his lobbying for Sri Lanka, the Justice Department said in a statement on Thursday. That act, known as FARA, requires Americans to disclose detailed information about any lobbying or public relations work they do on behalf of foreign governments and political entities.
In addition, Mr. Zuberi failed to report and pay taxes on $5.65 million that he was paid for the Sri Lankan lobbying campaign, and diverted most of the money “to the benefit of himself and his wife,” the Justice Department’s statement said.
“This sentence should deter others who would seek to corrupt our political processes and compromise our institutions in exchange for foreign cash,” John C. Demers, assistant attorney general for national security, said in the statement.
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