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Better Markets Goes to Court to Stop Indefensible SEC-Citigroup Settlement

Better Markets has gone to court to stop an indefensible settlement between the Securities and Exchange Commission and Citigroup that rewards securities fraud and shows crime pays.  Using inside information, Citigroup sold worthless toxic securities to its customers in a 2007 deal it designed to fail, which Citigroup secretly bet against with a $500 million short, according to the SEC.