Rapid Box: Citi paying $285M to settle charges
CITI SETTLES CHARGES: Citigroup is paying $285 million to settle civil fraud charges of misleading buyers of a center mortgage investment completely for example the housing marketplace was opening to collapse.INVESTORS LOST BIG: Citigroup believe adjacent to the investment here 2007 and made $160 million here fees and profits, the Securities and argument Commission supposed. Investors lost millions.considerable PENALTY: The money want live returned to investors. The penalty is the prime concerning a barricade Street solid accused of misleading investors sooner than the fiscal emergency since Goldman Sachs paid $550 million to settle parallel charges previous day.
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