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Citibank Ignored Red Flags About $45M Wire Fraud, Suit Says

By Gina Kim ( August 4, 2025, 10:46 PM EDT) -- Citibank failed to stop scammers from absconding with $45 million from a real estate property transaction when it processed payment orders even after it detected name mismatches between the identified transaction beneficiary and the account holder, according to a lawsuit filed Friday in California federal court. ...

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