Citibank Derivatives Fraud Cost Korean Firm $73M, Suit Says

By Matthew Heller (July 23, 2013, 7:46 PM EDT) -- Citibank NA was hit with a $73 million fraud suit Monday accusing it of duping Korean technology firm Simmtech Co. Ltd. into investing in derivatives contracts to hedge against currency fluctuations by hiding risks and exploiting Simmtech's lack of familiarity with the English language....

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