Laughing Stock

Citibank Group stock just fell twenty two percent, could be because recent Citibank escapades have the makings of a great comedy script. But since their bumbling activities are so very real they would fit better in the believe it or not category. There is no good way to break this news; I will just blurt it out. Are you ready? Citibank lost 27 million dollars to a Nigerian money scam. I read this and choked on my Wheaties, I should sue Citi for making me choke and then settle out of court for a measly million. Who knows, they may fall for it. So far the exact details haven’t been brought out but we know this much. A Nigerian scam artist got Citibank to send 27 million to 24 different banks in a dozen countries then he and his cohorts scooped up the cash.
I just can’t believe it. It has to be an inside job. Some bank V.P. had to have loaded his own account with a few million on this deal. I mean even the average grandma doesn’t get fooled by Nigerian cons anymore. Just for the benefit of a doubt, maybe Citi hadn’t heard of the Nigerian cons, they have only been around for two decades. I’m thinking about sending them a registered letter stating that they won the Freakness Triple Crown and if they just send me a five million handling charge I’ll cut them a check for a hundred million and send it right out.
You want to hear more funny Citibank antics? They want the Feds to buy another fifteen percent of its stock with the bailout cash. I’m thinking they will get the money. That’s hilarious; that’s so funny I bet Citi laughs all the way to the bank.
Doom


Thanks to; Tim Stevens from The Business Insider
The scam was perpetrated by 37-year-old Paul Gabriel Amos, a Nigerian citizen living in Singapore. With the help of fraudulent documents, Amos asked Citibank to transfer $27 million from a Citibank account held by the National Bank of Ethiopia into 24 different accounts around the world, all of which he and fellow scammers controlled. Amos's misdeeds were thankfully detected, albeit after the transfer was complete; he was arrested when flying into Los Angeles, and is currently being held after being denied bail by a federal judge in Manhattan. If convicted, he could spend the next 30 years in jail.
As for Citibank, well, we guess its latest misstep will just be covered by taxpayer-funded bailouts!