Citigroup pays $158 mln in US mortgage fraud pact - Reuters

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNENmBqGG9J4xwnGKw61AL SDgt2IRQamp;url=http://www.latimes.com/business/money/la-fi-mo-citi-settlement-20120215,0,1477531.storyimg src=//nt3.ggpht.com/news/tbn/mwjuY8oj6eBWKM/0.jpg alt= border=1 width=80 height=54 /br /font size=-2Los Angeles Times/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGjb1msVz_7r9fOv-fkhnYwCiEf1wamp;url=http://www.reuters.com/article/2012/02/15/citigroup-settlement-idUSL2E8DFEHN20120215bCitigroup pays $158 mln in US mortgage bfraud/b pact/b/abr /font size=-1bfont color=#6f6f6fReuters/font/b/fontbr /font size=-1The civil bfraud/b case is part of a crackdown by the Department of Justice against lenders it believes contributed to the housing crisis by originating risky home loans that should not have been made, insured or sold. Whistleblowers can receive up to 25 b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNENmBqGG9J4xwnGKw61AL SDgt2IRQamp;url=http://www.latimes.com/business/money/la-fi-mo-citi-settlement-20120215,0,1477531.storyCiti admits mortgage bfraud/b in $158-million settlement/afont size=-1 color=#6f6f6fnobrLos Angeles Times/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNETvWtF8DmWiO6o2tcmD2 VWRqxxxgamp;url=http://www.nytimes.com/2012/02/16/business/citigroup-to-pay-158-million-in-mortgage-fraud-settlement.htmlCitigroup to Pay $158 Million in Mortgage bFraud/b Settlement/afont size=-1 color=#6f6f6fnobrNew York Times/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dOGGS_jiMbOP-cMexAb8LEwpQl0WMnobrball 263 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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