Citi Sued Over Stealing Secretary

Gavel

Now this is a strange one.

Citigroup was accused in a lawsuit by William Salomon of supplying the 99-year-old former Wall Street banker and son of the founder of Salomon Brothers with a personal secretary who was later convicted of stealing from him.

Bloomberg reports that Salomon sued Citigroup over Karen Febles, who was convicted in federal court in Newark, New Jersey, of stealing $1.3m from him to pay for cars, real estate, cruises and jewelry.

The lawsuit, filed May 9 in state court in Manhattan, claims Febles stole $3m through her 'systematic theft'.

'Citigroup failed to institute any supervisory procedures whatsoever over Febles, notwithstanding that she was its employee working off-site for an elderly man and assisting him with personal financial matters', Salomon’s lawyers claimed in the breach-of-contract complaint.

'Ms. Febles acted entirely outside the scope of her employment with Citi in handling the personal finances Mr. Salomon entrusted to her', a Citi spokesman said in an e-mail. 'She was prosecuted and convicted with Citi’s full cooperation. It is Ms. Febles, not Citi, who is responsible for Mr. Salomon’s financial loss'.

Hit the link below to access the complete Bloomberg article:

Citigroup Sued by Salomon, 99, Over Secretary Who Stole

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