New York Attorney General Letitia James filed a lawsuit against Citibank on Tuesday, alleging the big bank failed to do enough to protect and reimburse victims of fraud.
The lawsuit argues that New York customers lost millions of dollars – in some cases their entire lifesavings – as a result of Citi’s weak security and anti-fraud measures.
Citi was not immediately available to comment on the news.
This is a developing story, more to come
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