Citibank Says Developer Can't Blame It For $45M Wire Scam

By Joyce Hanson · December 3, 2025, 8:01 PM EST

Citibank NA has urged a California federal judge to toss a suit by a real estate developer who accidentally wired $45 million in home-purchase funds to a fraudster after receiving spoofed...

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Documents

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