U.S. Is Said to Open Criminal Investigation Into Citigroup Fraud

[grahamhgreen]

Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup’s Mexican unit, according to people briefed on the matter, one of a handful of government inquiries looming over the giant bank.

The investigation, overseen by the F.B.I. and prosecutors from the United States attorney’s office in Manhattan, is focusing in part on whether holes in the bank’s internal controls contributed to the fraud in Mexico. The question for investigators is whether Citigroup — as other banks have been accused of doing in the context of money laundering — ignored warning signs.

http://mobile.nytimes.com/blogs/dealbook/2014/04/02/crime-inquiry-said-to-open-on-citigroup/

[MannyGoldstein]

1. LOL. nt

[randome]

2. Come on, Mirror Manny, you can do better than simply mock.

Where's that dead-weight flair you've become known for?
[hr][font color="blue"][center]You should never stop having childhood dreams.[/center][/font][hr]

[cui bono]

3. Bigots.