New York Attorney General Letitia James filed a lawsuit against Citibank on Tuesday, charging the financial giant of insufficient protection and reimbursement for victims of fraud. The lawsuit claims that Citibank's poor security and anti-fraud measures caused New York customers losing millions of dollars, including entire life savings, to scammers and hackers.
AG Letitia James said, "Banks are supposed to be the safest place to keep money, yet Citi's negligence has allowed scammers to steal millions of dollars from hardworking people." She promised that Citibank's failure to protect customers' funds would not be overlooked.
