They are freaking idiots! How in the hell can bankers fall for the oldest and most outlandish internet scams out there? I thought everyone knew not to fall for Nigerian money scams.....guess I was wrong...
Citibank keeps showing us why they are such idiots. 27 million dollars was wired out of an account held by Citibank to 24 other accounts scattered over the world:
The scam was perpetrated by 37-year-old Paul Gabriel Amos, a Nigerian citizen living in Singapore. With the help of fraudulent documents, Amos asked Citibank to transfer $27 million from a Citibank account held by the National Bank of Ethiopia into 24 different accounts around the world, all of which he and fellow scammers controlled. Amos's misdeeds were thankfully detected, albeit after the transfer was complete; he was arrested when flying into Los Angeles, and is currently being held after being denied bail by a federal judge in Manhattan. If convicted, he could spend the next 30 years in jail.
As for Citibank, well, we guess its latest misstep will just be covered by taxpayer-funded bailouts!
We can't even get any credit with these idiots, yet they are wiring money out for every bogus letter they receive. The government shouldn't bail them out at all, these fools deserve to fail. This is only the scam that we know about. I wonder how many other times Citi has been bilked out of money. If it weren't so pathetic, I'd be laughing about this, only it is the taxpayers who are going to pay for this piece of shit company.