Tuesday, October 21, 2008

Incredible, I am amazed bankers haven’t been sued yet.

Citigroup Defeats Parmalat, Wins $364 Million Verdict

Parmalat went bankrupt after revealing that a 3.95 billion- euro ($5.34 billion) account at Bank of America Corp. didn't exist and documents certifying the account were falsified. Parmalat emerged from bankruptcy and returned to the stock market in 2005 after a two-year reorganization under Bondi.

Posted by mark @ 12:48 PM (556 views)
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One thought on “Incredible, I am amazed bankers haven’t been sued yet.

  • this is not much different to what bankers have done for the past 10 years, inventing money ..lol

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