Former Citigroup Vice President Pleads Guilty to Bank Fraud for Embezzling More Than $22 Million
September 8, 2011
Total Loss:
$22 Million
Gary Foster, a former vice president in Citigroup, Inc.’s treasury finance department, pleaded guilty today to bank fraud arising from his embezzlement of more than $22 million from Citigroup. Foster entered his plea before the Hon. Eric N. Vitaliano, United States District Judge, at the United States Courthouse in Brooklyn.
The guilty plea was announced by Loretta E. Lynch, United States Attorney for the Eastern District of New York, and Janice K. Fedarcyk, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office.
According to the charging documents, between September 2003 and June 2011 ...
Source:
FBI
Posted in:
Internal Fraud