Latest topics
CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
4 posters
Page 1 of 1
CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
NEW YORK - A former vice president at Citigroup Inc was charged with bank fraud on Monday for allegedly embezzling more than $19 million from the company's accounts.
Gary Foster, 35, was arrested Sunday at John F. Kennedy International Airport on a flight arriving from Bangkok, prosecutors said. He is scheduled to make his initial appearance Monday afternoon in Brooklyn federal court, where he will plead not guilty to the charges, according to his attorney, Isabelle Kirshner.
Between May 2009 and December 2010, Foster allegedly transferred $19.2 million from Citigroup accounts to his own personal bank account at Chase.
Foster put fake contract and deal account numbers in the wire-transfer instructions to make them seem like they were supporting an existing contract, before diverting them to his own accounts, prosecutors alleged.
"The defendant allegedly used his knowledge of bank operations to commit the ultimate inside job," said U.S. Attorney Loretta Lynch.
A representative for Citigroup did not immediately return a request for comment.
Gary Foster, 35, was arrested Sunday at John F. Kennedy International Airport on a flight arriving from Bangkok, prosecutors said. He is scheduled to make his initial appearance Monday afternoon in Brooklyn federal court, where he will plead not guilty to the charges, according to his attorney, Isabelle Kirshner.
Between May 2009 and December 2010, Foster allegedly transferred $19.2 million from Citigroup accounts to his own personal bank account at Chase.
Foster put fake contract and deal account numbers in the wire-transfer instructions to make them seem like they were supporting an existing contract, before diverting them to his own accounts, prosecutors alleged.
"The defendant allegedly used his knowledge of bank operations to commit the ultimate inside job," said U.S. Attorney Loretta Lynch.
A representative for Citigroup did not immediately return a request for comment.
darjohn- Forum Fanatic
- Posts : 174
Join date : 2011-06-17
Re: CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
WOW! and we gonna be trusting these bankers with our money..... May the Lord help us all.
trinity- New Member
- Posts : 5
Join date : 2011-06-24
Re: CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
trinity wrote:WOW! and we gonna be trusting these bankers with our money..... May the Lord help us all.
No Trinity, we don't have to hand over our money to them.
Community Banks and Credit Unions
Cant trust the big banks at all
RedLotus- New Member
- Posts : 2
Join date : 2011-06-28
Re: CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
looks like Iraq has come to America or is that America came to Iraq? Nothing new, corruption is rampid everywhere, some are less forunate and get caught. What do you think this whole system is anyway? Fiat money systems breed corruption. Nothing new under the sun.
Guest- Guest
Re: CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
It remains to be seen whether or not they let this guy post bail. Considering the magnitude of the crime, he should be held without it.
Do. Not. Trust. The. Banks.
EVER.
Do. Not. Trust. The. Banks.
EVER.
Hawaii Rainbow- New Member
- Posts : 21
Join date : 2011-06-18
Location : Homeless
Re: CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
RedLotus wrote:trinity wrote:WOW! and we gonna be trusting these bankers with our money..... May the Lord help us all.
No Trinity, we don't have to hand over our money to them.
Community Banks and Credit Unions
Cant trust the big banks at all
Wouldn't community banks & credit unions have to invest our money through big banks? Since the big banks have direct international connections and smaller banks don't .....please correct me if am wrong. I am so scared of these big banks, it's even not funny.
trinity- New Member
- Posts : 5
Join date : 2011-06-24
Re: CITI GROUP(BANKS) FORMER VICE PRES. GOES TO JAIL !!!!!!!
AJAnderson wrote:looks like Iraq has come to America or is that America came to Iraq? Nothing new, corruption is rampid everywhere, some are less forunate and get caught. What do you think this whole system is anyway? Fiat money systems breed corruption. Nothing new under the sun.
That's exactly my point, these crooks are everywhere!!! So, what do we do now, with these new found blessing; prepare to swim with the sharks or put our $$ under the mattress?
Anyone who has any suggestions on how to deal with these sharks, please post, others including myself would really appreciate it.
trinity- New Member
- Posts : 5
Join date : 2011-06-24
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Wed Mar 27, 2024 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash