Citibank Ignored Red Flags About $45M Wire Fraud, Suit Says

By Gina Kim · August 4, 2025, 10:46 PM EDT

Citibank failed to stop scammers from absconding with $45 million from a real estate property transaction when it processed payment orders even after it detected name mismatches between the identified transaction...

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Case Information

Case Title

Maghsoudnia et al v. Citibank, N.A. (National Association)

Case Number

5:25-cv-06526

Court

California Northern

Nature of Suit

Other Statutory Actions

Date Filed

August 01, 2025