California: Citibank Stole $14 Million from its Customers - GoFuckYourself.com

xmas13 · 08-27-2008, 04:28 PM

http://www.consumeraffairs.com/news0..._citibank.html

Quote:

California Attorney General Edmund G. Brown Jr. today announced that he has reached a settlement with Citibank after a three-year investigation into the company?s use of an illegal ?account sweeping? program.

Nationally, the company took more than $14 million from its customers, including $1.6 million from California residents, through the use of a computer program that wrongfully swept positive account balances from credit-card customer accounts into Citibank?s general fund, Brown said.

?The company knowingly stole from its customers, mostly poor people and the recently deceased, when it designed and implemented the sweeps,? Brown said. ?When a whistleblower uncovered the scam and brought it to his superiors, they buried the information and continued the illegal practice.?

Between 1992 and 2003, Citibank employed a computerized ?credit sweep? process to automatically remove positive or credit balances from credit-card customer accounts.

BradM · 08-27-2008, 04:31 PM

That's fucking SICK....

Eriic · 08-27-2008, 05:36 PM

No big Fucking........surprise

Barefootsies · 08-27-2008, 07:21 PM

Quote:

Originally Posted by BradM

That's fucking SICK....

tony286 · 08-27-2008, 07:24 PM

now why isnt anyone fucking arrested? some junkie steals a tv he gets 5 yrs.

D Ghost · 08-27-2008, 07:24 PM

fiiiiiiiiigs

klaze · 08-27-2008, 07:24 PM

14 million? that's it? what the fuck for? I wonder what the real amount and bg story is..

fatfoo · 08-27-2008, 07:27 PM

Spunky · 08-27-2008, 07:29 PM

Those crooks need to serve serious time

Jon Clark - BANNED FOR LIFE · 08-27-2008, 08:26 PM

Quote:

Originally Posted by fatfoo

Bird · 08-27-2008, 10:10 PM

Sound like the crew from office space

Voodoo · 08-27-2008, 10:14 PM

Credit Cards are shaving!

What's next? Are Google & Yahoo going to start blind linking and auto-installing?

08-27-2008, 07:27 PM	#8
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	__________________ Send me an email: [email protected]

08-27-2008, 07:29 PM	#9
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,943	Those crooks need to serve serious time __________________ *YOUR INFORMATION HERE*

08-27-2008, 10:10 PM	#11
Bird Confirmed User Join Date: Jan 2005 Location: Stockton Posts: 4,365	Sound like the crew from office space __________________ ICQ:268731675 Last edited by Bird; 08-27-2008 at 10:11 PM..

08-27-2008, 10:14 PM	#12
Voodoo ♥ ♦ ♣ ♠ Industry Role: Join Date: Sep 2002 Posts: 10,592	Credit Cards are shaving! What's next? Are Google & Yahoo going to start blind linking and auto-installing? __________________ "I'm selflessly supporting the common good, but only coincidentally looking out for No.1."

08-27-2008, 04:31 PM	#2
BradM Confirmed User Join Date: Dec 2003 Location: 1123,6536,5231 Posts: 3,397	That's fucking SICK....

08-27-2008, 05:36 PM	#3
Eriic So Fucking Banned Join Date: Jan 2008 Posts: 2,995	No big Fucking........surprise

08-27-2008, 07:24 PM	#5
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	now why isnt anyone fucking arrested? some junkie steals a tv he gets 5 yrs.

08-27-2008, 07:24 PM	#6
D Ghost null Industry Role: Join Date: May 2006 Posts: 9,820	fiiiiiiiiigs

08-27-2008, 07:24 PM	#7
klaze So Fucking Banned Join Date: May 2008 Location: Adult Marketing Mecca Posts: 2,167	14 million? that's it? what the fuck for? I wonder what the real amount and bg story is..