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Citigroup Agrees To Settle SEC's Fraud Charges

by Ilya Marritz, WNYC Radio
October 20, 2011

Citigroup will pay a $285 million fine to settle charges brought by the Securities and Exchange Commission. The SEC says the bank marketed mortgage-backed securities while simultaneously betting against them. Citigroup neither admitted nor denied the allegations.

Broadcast Dates

  • Morning Edition, October 20, 2011
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