FINRA仲裁小组命令花旗集团向高级投资者夫妇支付310万美元的涉嫌经纪人欺诈与“出售”实践有关的经纪人欺诈
花旗集团(C)现在,必须向纳西尔丁·马达尼(Nasirdin Madhany)博士和Zeenat Madhany博士支付310万美元的要求,即这家金融公司未能适当监督经纪人,这导致这对夫妇遭受了超过100万美元的损失。该经纪人被指示指示他们投资于后来变酸的房地产开发项目。
2010年,这对夫妇提出了FINRA仲裁case alleging fraud, negligence, and other wrongdoings related to over $1 million in real estate investments they made between ’04-and ’07. The Madhanys, who are senior investors, were customers of then-Citigroup worker Scott Andrew King, who referred them to politician Lawton “Bud” Chiles III. The latter was looking for investors for a number of real estate projects. King, who allegedly had a conflict of interest (that he did not disclose) from buying two condominiums from Chiles at a discount, is said to have connected the couple and the politician without Citigroup’s knowledge.
The Madhanys invested in two real estate projects, which began to have problems in 2007 when the US housing market failed and that is when the couple lost their money. Also, they, along with other investors, had signed personal loan guarantee related to a $12 million loan on one of the projects. When the loan defaulted in 2009, Wachovia sued all of them. Last year, a court submitted a $10 million judgment against the investors, with each person possibly liable for the whole amount.