Gary Foster

  • News

    Former Citigroup VP Who Helped Himself To $23 Million Gets 8 Years

    Nobody fucks with Count Vikula!

    Former Citigroup Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23 million from the bank, according to federal prosecutors in Brooklyn, New York. Foster pleaded guilty to bank fraud in September, admitting that he transferred money from various Citigroup accounts to his own at JPMorgan Chase. He concealed his activities by making false accounting entries, according to the government. He used the money to buy real estate and luxury sports cars, including a Ferrari and a Maserati, prosecutors said. The government has seized or restrained property from Foster valued at a total of $14 million. “I executed a scheme to defraud Citigroup,” Foster told U.S. District Judge Eric Vitaliano at his plea hearing last year in Brooklyn. “I directed funds to be wired into my personal account at JPMorgan.”

    Ex-Citigroup Executive Gets 8 Years For Embezzlement [Bloomberg]

    / Jun 29, 2012 at 5:41 PM
  • News

    Former Citigroup Employee Arrested For Embezzling $19 Million

    Apparently Gary Foster “used his knowledge of bank operations” to get the job done.

    / Jun 27, 2011 at 12:29 PM