citibank
Citi Fires Back at Fired Banker Hottie
Maureen O'Connor · 06/03/10 02:14PMMeet the Hot Banker Allegedly Fired For Being Too Hot
Maureen O'Connor · 06/02/10 03:31PMRich Guys Who Got Federal Money Won't Get Richer This Year
John Cook · 10/21/09 03:03PMNemazee's Scheme Now in the Nine Figures
cityfile · 09/21/09 02:40PMHassan Nemazee, the banker and Democratic mega-fundraiser who was indicted last month for allegedly using forged documents to obtain a $74 million loan from Citibank—and who is currently under house arrest at his Park Avenue apartment—is facing new charges. He's been indicted for bank fraud and "aggravated identity theft" as part of what prosecutors describe as a $292 million Ponzi scheme that involves Bank of America and HSBC, too. Also, in case you've been mispronouncing his name all this time, the AP points out it's hah-SAHN' nah-MAH'-zee. Please make a note of it. [AP, Reuters]
New Charges For Nemazee
cityfile · 09/03/09 08:44AMLast week, banker and Democratic mega-fundraiser Hassan Nemazee was detained by FBI agents investigating whether Nemazee had used forged documents to get Citibank to provide him with a $74 million loan. The next day, though, Nemazee paid Citibank back the entire $74 million—presumably because he was hoping that if he returned the cash, he might be able to make the problem go away. But the move was a bit suspicious. If he had the $74 million sitting around, why would he have bothered carrying out the scheme in the first place?
Obama, Clinton Fundraiser Accused of Idiotic $74 Million Fraud
Andrew Belonsky · 08/26/09 05:30AMWhen It's Cheaper to Buy Companies than Beer
John Cook · 03/11/09 02:29PMIs Sheldon Solow About to Bust?
cityfile · 12/19/08 10:52AMIt's been a rough week for real estate billionaire Sheldon Solow. On Monday, it came to light that Marc Dreier, the lawyer now accused of defrauding investors to the tune of $380 million, had been trying to sell fake Solow Realty promissory notes to investors. (It was Solow, in fact, who first tipped off the authorities back in October.) Now he has a new headache to contend with. Citibank filed suit against Solow this week, claiming Solow has thus far failed to pay back $67 million in loans and $18.5 million in letters of credit. The funds were part of a half-billion loan that Citi extended to Solow in 2004 to finance the development of a series of buildings along the East River waterfront. Unfortunately for Solow, construction on the project hasn't even started yet and it appears he's already running into financial difficulty. The nitty gritty from Citibank, N.A. v. Sheldon H. Solow after the jump.