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CitiGroup hit with fraud fine

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Published on Oct 19, 2011 by

Citigroup was accused of misleading customers who invested in complex mortgage securities and has agreed to pay a $256 million fine to settle the civil fraud case. Anthony Mason reports.

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  • Citigroup should be charged with criminal negligence in this fraud case. 285 million dollars is chump change for a fine for crimes of this magnitude. Citigroup should have had to pay a fine on every single bet it made against its own investors. These banks need to be broken up, their wealth split and their executives tarred and feathered in Times Square.

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  • About time...it's a new day!

  • I wonder if that walking parasitic Whore Erin Bernet is going to comment on this! ROTFL!

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