Former Citigroup Accountant Accused of Embezzling $19.2 Million
June 28, 2011
Total Loss:
$19.2 Million
Gary Foster toiled away as a midlevel accountant in Citigroup’s Long Island City back office, collecting around a $100,000 paycheck last year.
But federal prosecutors claim Mr. Foster gave himself a bonus fit for a star investment banker by embezzling more than $19.2 million from Citi before its auditors picked up on the scheme.
Source:
The New York Times
Posted in:
Internal Fraud