"The money [$27,000,000] came from a Citibank account in New York held by the National Bank of Ethiopia, that country’s central bank. Prosecutors said the conspirators, contacted by Citibank to verify the transactions, posed as Ethiopian bank officials and approved the transfers...
"The fraud was uncovered after several banks where the conspirators held accounts returned money to Citibank, saying they had been unable to process the transactions."
Saturday, February 21, 2009
Citibank falls for Nigerian scam
Nobody falls for those Nigerian scams anymore, do they? Well, Citibank did.