Ex-Citigroup exec gets 8 years for embezzlement

Jun 29, 2012, 11:53 PM

NEW YORK (AP) – A former Citigroup vice president has been sentenced in New York City to eight years in prison for embezzling more than $22 million.

Gary Foster received the term Friday in federal court in Brooklyn.

The 35-year-old Foster pleaded guilty last year. Authorities had accused him of secretly transferring money from various Citibank accounts to his personal account at another bank.

Foster also was forced to forfeit property he purchased with his ill-gotten gains. It included real estate in New York and New Jersey, and several luxury cars.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

United States News

(AP Photo/Mary Altaffer)...
Associated Press

Santos of New York steps down from House panels amid ethics issues

Republican Rep. George Santos of New York has told GOP colleagues he is temporarily stepping down from his two congressional committees.
1 day ago
(AP Photo/Nam Y. Huh, File)...
Associated Press

US wage growth slowed in the final quarter of 2022

WASHINGTON (AP) — Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won’t fuel higher inflation. Wages and benefits, such as health insurance, grew 1% in the October-December quarter […]
1 day ago
In this image from video released by the Santa Fe County Sheriff's Office, Alec Baldwin stands in c...
Associated Press

Alec Baldwin, movie weapons specialist formally charged in fatal shooting

Actor Alec Baldwin and a weapons specialist have been formally charged with involuntary manslaughter in a fatal 2021 shooting on a movie set.
1 day ago
A fisherman throws a cast net along shore of Lake Mead at the Lake Mead National Recreation Area, F...
Associated Press

California holds out as Arizona, other states submit Colorado River water plan

Six Western states that rely on water from the Colorado River, including Arizona, have agreed on a model to cut water use in the basin.
1 day ago
Actress Cindy Williams attends the ceremony honoring her and actress-director Penny Marshall with a...
Associated Press

‘Laverne & Shirley’ star Cindy Williams dies at 75 after brief illness

Cindy Williams, who was among the most recognizable stars in America in the 1970s and 1980s for her role as Shirley opposite Penny Marshall's Laverne on the beloved sitcom "Laverne & Shirley," has died. She was 75.
1 day ago
(AP Photo/Andrew Harnik, File)...
Associated Press

Ex-Twitter execs to testify on block of Hunter Biden story

Former Twitter employees are expected to testify next week before the House Oversight Committee about the social media platform's handling of reporting on President Joe Biden's son, Hunter Biden.
2 days ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
(Pexels Photo)...

Sports gambling can be fun for adults, but it’s a dangerous game for children

While adults may find that sports gambling is a way to enhance the experience with more than just fandom on the line, it can be a dangerous proposition if children get involved in the activity.
...
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
Ex-Citigroup exec gets 8 years for embezzlement