Alexa
  • Directory of Taiwan

Citigroup ex-VP pleads guilty to embezzling $22M

Citigroup ex-VP pleads guilty to embezzling $22M

A former Citigroup vice president in New York City has admitted to embezzling more than $22 million from the bank for his personal use.
Gary Foster pleaded guilty to bank fraud charges in Brooklyn federal court on Tuesday.
http://nyp.st/nRYB7n
Authorities say he used the money to buy luxury cars and homes in Manhattan, Brooklyn and New Jersey.
Foster was arrested in June. He was vice president of the treasury finance department until quitting in January.
According to court papers, Foster siphoned funds from various Citigroup accounts and wired the money into his private account at another bank.


Updated : 2021-04-21 18:29 GMT+08:00