After the passing of this father, Hassan moved to Iran, forging joint ventures with many prestigious American and British companies, including American International Group (AIG), Morgan Guaranty Trust, Linbeck Construction and Knight, Frank & Rutley. In December 1978, the political landscape in Iran took an unexpected turn with the Islamist Revolution. Nemazee was forced to leave the country. The new regime confiscated the Nemazee family’s assets, homes, businesses, and charities.
After losing over 90% of his net worth, Nemazee rebuilt his life in the United States. Over the next three decades, his businesses flourished, and he welcomed three children. As an integral member of the New York community, he actively participated in organizations, including the Council on Foreign Relations, the boards of Asia Society, Spence School, RAND Center for Middle East Public Policy, and various Harvard Visiting Committees. He also founded the first political action committee for Iranian Americans (IAPAC), solidifying his commitment to political involvement.
Juggling increasing responsibilities in his family, business, political, and philanthropic endeavors, he made choices which ultimately led to his arrest in August, 2009 on charges of bank fraud.
