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Former Citi official fined $500,000 for fraud in CFTC case
August 4, 2014 / 6:00 PM / in 3 years

Former Citi official fined $500,000 for fraud in CFTC case

WASHINGTON, Aug 4 (Reuters) - A federal court has ordered former Citigroup director, John Aaron Brooks, to pay $500,000 for defrauding two Citigroup companies by mismarking and inflating the value of his position in ethanol futures to conceal his trading losses, the Commodity Futures Trading Commission said on Monday.

For a link to the press release, see: here

Reporting by Douwe Miedema; Editing by Chris Reese

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