Citigroup “rewarded” by SEC after committing fraud


Citigroup to Pay $285 Million to Settle S.E.C. Complaint – NYTimes.com.

This is absolutely preposterous. There should be criminal indictments for those involved in the decision-making process that led to the fraud.

The SEC, and therefore the government, continues to encourage that type of criminal activity with the lenient treatment.

It was a similar case in New Jersey when several administrations failed to contribute to the pension funds and lied to private investors about it.

OWS should begin to refocus from the banks to the government because the root of the problem is at the government that condones such actions.

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