File: The famous slanted roof of Citigroup Center in New York City. Citigroup has paid out billions in recent fraud cases. (Flickr / Chris Swann)
19 Aug 2015

Citigroup To Pay $180 Million For Latest Fraud

On August 17, Citigroup agreed to pay $180 million to settle charges from the SEC that two of the megabank’s hedge funds defrauded investors. According to the SEC, Citigroup’s hedge funds “made false and misleading representations to investors” about how risky investing in the funds were.