Dealbreaker writes that apparently Gary Foster “used his knowledge of bank operations” to get the job done.
Foster, according to the U.S. Attorney’s Office in New York, is being charged with embezzling more than $19 million from Citigroup. He was arrested Sunday morning at JFK Airport when he arrived on a flight from Bangkok, the U.S. Attorney’s Office said in a news release.
According to a court case against him, Foster is charged with transferring money from Citigroup accounts into a cash account and then he wired the money into his personal account at another bank. Foster caused an incorrect contract or deal number to be placed in the wire transfer instructions to hide his activities, the DOJ said.
Let this be a lesson to those considering taking a page from Foster (or brother from another mother Jim Glover)’s playabook- attention to detail counts!
Read more at:
http://dealbreaker.com/2011/06/former-citigroup-employee-arrested-for-embezzling-19-million/
No comments:
Post a Comment