Former Citi insider pleads guilty to fraud he committed against Citi between September 2003 and June 2011. Foster used the money to buy real estate and luxury automobiles, including a Ferrari and a Maserati. Foster will forfeit the property pursuant to his plea agreement, and now faces a maximum sentence of 30 years’ imprisonment. Analyst: “How much of this type of fraud is currently happening under the noses of other financial institutions? The answer is, a lot, several billion dollars worth””]
Source: https://www.cuinfosecurity.com/former-citi-insider-pleads-guilty-a-4024