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Citigroup to pay $285 million to settle fraud case (Reuters)

Wednesday, 19 October 2011 23:21 Webmaster
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Pedestrians walk past a Citibank branch in Washington January 19, 2010. REUTERS/Jim Young

Reuters - Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.




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