NY to file fraud charges against Citigroup - GoFuckYourself.com

D Ghost · 08-02-2008, 12:04 AM

[QUOTE]New York State Attorney General notifies banking giant of intent to file charges over sale of troubled auction-rate securities and claims Citi destroyed documents.

NEW YORK (CNNMoney.com) -- New York state Attorney General Andrew Cuomo said Friday that his office intends to file charges against Citigroup for the alleged fraudulent marketing and sale of troubled auction-rate securities to everyday investors.

Cuomo outlined his intentions in a letter to Citigroup's general counsel dated Friday, saying that charges were imminent.

In the letter, the New York Attorney General's office alleged that the nation's largest bank "has repeatedly and persistently committed fraud by material misrepresentations and omissions" in the underwriting, distribution and sale of auction rate securities, touting them as safe, cash-equivalent investments.
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http://money.cnn.com/2008/08/01/news...ex.htm?cnn=yes

rhcp011235 · 08-02-2008, 12:09 AM

HAHA, I hope they fucking get nailed up the ass. I hate citigroup. 2 people in the whole company speak English as well I think.

bloggingseo · 08-02-2008, 12:48 AM

Wow, this is interesting. Wonder what will happen with this.

Defiance Inc · 08-02-2008, 01:23 AM

Funny, I was just watching a video where Jim Cramer was crowing on about how the sec hasn't filed charges against anyone. And that was in January...

http://www.cnbc.com/id/22729818

08-02-2008, 12:04 AM	#1
D Ghost null Industry Role: Join Date: May 2006 Posts: 9,820	NY to file fraud charges against Citigroup [QUOTE]New York State Attorney General notifies banking giant of intent to file charges over sale of troubled auction-rate securities and claims Citi destroyed documents. NEW YORK (CNNMoney.com) -- New York state Attorney General Andrew Cuomo said Friday that his office intends to file charges against Citigroup for the alleged fraudulent marketing and sale of troubled auction-rate securities to everyday investors. Cuomo outlined his intentions in a letter to Citigroup's general counsel dated Friday, saying that charges were imminent. In the letter, the New York Attorney General's office alleged that the nation's largest bank "has repeatedly and persistently committed fraud by material misrepresentations and omissions" in the underwriting, distribution and sale of auction rate securities, touting them as safe, cash-equivalent investments. [/QUOTE http://money.cnn.com/2008/08/01/news...ex.htm?cnn=yes

08-02-2008, 12:09 AM	#2
rhcp011235 Confirmed User Industry Role: Join Date: Sep 2007 Location: North Carolina Posts: 538	HAHA, I hope they fucking get nailed up the ass. I hate citigroup. 2 people in the whole company speak English as well I think. __________________ Skype rhcp011235 \| Cell Phone 212.812.9043 \| Email [email protected] https://www.jbhale.com All my social media

08-02-2008, 12:48 AM	#3
bloggingseo Confirmed User Join Date: May 2007 Location: Austin Posts: 1,793	Wow, this is interesting. Wonder what will happen with this. __________________ Writing mainstream and adult since 2003 Hit me up ICQ 375089597

08-02-2008, 01:23 AM	#4
Defiance Inc Confirmed User Industry Role: Join Date: Apr 2008 Location: Phoenix Posts: 142	Funny, I was just watching a video where Jim Cramer was crowing on about how the sec hasn't filed charges against anyone. And that was in January... http://www.cnbc.com/id/22729818 __________________