Have a Claim?

Click here for a confidential contact or call:


July 14, 2014

Posted  January 22, 2016

Citigroup agreed to pay $7B to resolve government claims related to the bank’s packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) which, according to the government, “contributed mightily to the financial crisis that devastated our economy in 2008.” The settlement includes a $4B civil penalty — the largest penalty to date under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). Whistleblower Insider

Tagged in: Financial Institution Fraud, FIRREA, Housing and Mortgage Fraud, Securities Fraud,