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Forum Post: Citi Agrees to Pay $285 Million in Penalties

Posted 12 years ago on Oct. 19, 2011, 4:27 p.m. EST by enough (587)
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Headline in today's New York Times:

"Accused of Deception, Citi Agrees to Pay $285 Million"

http://www.nytimes.com/2011/10/20/business/citigroup-to-pay-285-million-to-settle-sec-charges.html?exprod=myyahoo

There are still no criminal indictments of Wall Street executives. There are only civil penalties that the banks pay with petty cash out of a teller's till.

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