Citigroup Takes the Prize by Paying $258 million to Settle Fraud Charges

Citigroup is just one of the many American banks that have been charged with civil fraud by misleading buyers of their mortgage investment securities.

Banks like Citigroup will bundle mortgages and sell them to investors as a security. As the housing market started to collapse, investors lost millions while Citibank made almost $160 million.

Their greed has now cost them $285 million to settle charges.

If you are a Citigroup mortgage holder who is behind in their mortgage and being harassed by creditors, you should learn more about your legal rights, bankruptcy is just one option that may provide you an your family with a fresh financial start. You can learn more by contacting Sunshine State Bankruptcy at 727.258.4999.

**October 20, 2011 USA Today Money, Section B**

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