Citibank Derivatives Fraud Cost Korean Firm $73M, Suit Says

Citibank Derivatives Fraud Cost Korean Firm $73M, Suit Says

Citibank NA was hit with a $73 million fraud suit Monday accusing it of duping Korean technology firm Simmtech Co. Ltd. into investing in derivatives contracts to hedge against currency fluctuations by hiding risks and exploiting Simmtech's lack of ...read more

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