Foster pleads guilty to $22m fraud


A former vice-president of Citigroup's treasury finance department has pleaded guilty to embezzling $22 million from his former employer.

Gary Foster was charged with the bank fraud in June. For more than seven years he transferred money from various Citigroup accounts to a cash account within the bank, then wired the money to his personal bank accounts outside Citigroup.

In a statement, the FBI said Foster had violated his employer's trust and exploited his position to commit the fraud. This

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here