Word: citibank
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Dates: during 2000-2009
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Rodriguez-Pastor initially followed the path of South America's educated élite and worked in New York City, at Citibank and on Wall Street. After his father died in 1995, he went home to Interbank...
After Democratic financier Hassan Nemazee was accused of forging loan documents in order to borrow $74 million from Citibank, he wired the money back. A nice try, but not one that would stave off his arrest. Authorities arrested Nemazee on Aug. 25, shortly before he left on a European vacation. He was charged with bank fraud, released on a $25 million bond and placed under house arrest in his New York City apartment. Nemazee, who raised money for both Hillary Clinton and Barack Obama in the 2008 election, faces a prison sentence of up to 30 years...
...Accused of defrauding Citibank of $74 million after allegedly forging loan documents dating back...
Quotes About: "[The bank accounts] either never existed or had been closed years before Nemazee submitted the documents referencing those accounts." -U.S. attorney Preet Bharara on Aug. 26, describing how authorities believe Nemazee mislead Citibank with false financial documents in order to obtain a multi-million dollar loan...
...This was not the first time Bongo had been exposed. In 1999, an investigation by the U.S. Senate into Citibank estimated that the Gabonese President held $130 million in the bank's personal accounts, money the Senate report said was "sourced in the public finances of Gabon." Earlier last decade, a French inquiry into the state-owned oil firm Elf-Aquitaine named Bongo as the beneficiary of millions of dollars in slush funds. (See pictures of the global financial crisis...