{"id":2940,"date":"2015-09-07T00:00:00","date_gmt":"2015-09-07T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/sec-announces-citigroup-affiliates-to-pay-180-million-in-hedge-fund-fraud-settlement\/"},"modified":"2018-10-08T12:41:28","modified_gmt":"2018-10-08T16:41:28","slug":"sec-announces-citigroup-affiliates-to-pay-180-million-in-hedge-fund-fraud-settlement","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-announces-citigroup-affiliates-to-pay-180-million-in-hedge-fund-fraud-settlement\/","title":{"rendered":"SEC Announces Citigroup Affiliates to Pay $180 Million in Hedge Fund Fraud Settlement"},"content":{"rendered":"<p><h2><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/SEC-Announces-Citigroup-Affiliates-to-Pay-180-Million-in-Hedge-Fund-Fraud-Settlement.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1785\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/SEC-Announces-Citigroup-Affiliates-to-Pay-180-Million-in-Hedge-Fund-Fraud-Settlement-1024x819.jpg\" alt=\"SEC Announces Citigroup Affiliates to Pay $180 Million in Hedge Fund Fraud Settlement on silverlaw.com\" width=\"1024\" height=\"819\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/SEC-Announces-Citigroup-Affiliates-to-Pay-180-Million-in-Hedge-Fund-Fraud-Settlement-1024x819.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/SEC-Announces-Citigroup-Affiliates-to-Pay-180-Million-in-Hedge-Fund-Fraud-Settlement-300x240.jpg 300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/h2>\n<h2>Affiliates allegedly defrauded traditional bond investors<\/h2>\n<\/p>\n<p>Following allegations and an investigation by the Securities and Exchange Commission (SEC), two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds. The firms are accused of claiming the hedge funds in question were safe, low-risk and appropriate for traditional bond investors, when in fact, the funds were in dire condition.<\/p>\n<p>According to the SEC press release, Citigroup Global Markets Inc. (CGMI) and Citigroup Alternative Investments LLC (CAI) neither admitted to nor denied the SEC\u2019s charges, but agreed to bear all costs of distributing the $180 million in settlement funds to harmed investors.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/sec-announces-citigroup-affiliates-to-pay-180-million-in-hedge-fund-fraud-settlement\/\"  title=\"Continue Reading SEC Announces Citigroup Affiliates to Pay $180 Million in Hedge Fund Fraud Settlement\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Affiliates allegedly defrauded traditional bond investors Following allegations and an investigation by the Securities and Exchange Commission (SEC), two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds. The firms are accused of claiming the hedge funds in question were safe, low-risk and appropriate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[482],"class_list":["post-2940","post","type-post","status-publish","format-standard","hentry","category-all-releases","tag-hedge-fund-fraud-settlement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Announces Citigroup Affiliates to Pay $180 Million in Hedge Fund Fraud Settlement &#8212; Securities Arbitration Lawyers Blog &#8212; September 7, 2015<\/title>\n<meta name=\"description\" content=\"Read the full article on SEC Announces Citigroup Affiliates to Pay $180 Million in Hedge Fund Fraud Settlement on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/sec-announces-citigroup-affiliates-to-pay-180-million-in-hedge-fund-fraud-settlement\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Announces Citigroup Affiliates to Pay $180 Million in Hedge Fund Fraud Settlement &#8212; 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