Citi Units To Pay $180M To Settle Hedge Fund Fraud Charges

By Stephanie Russell-Kraft (August 17, 2015, 11:14 AM EDT) -- Two Citigroup Inc. affiliates agreed Monday to pay nearly $180 million to settle the U.S. Securities and Exchange Commission's charges that they defrauded investors in two hedge funds that collapsed during the financial crisis by claiming they were safe and appropriate for traditional bond investors....

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