New York Attorney General Eric T. Schneiderman announced a $1 million penalty against Citigroup on Thursday — the final piece of a three-year investigation that resulted in $22.5 million being reimbursed to thousands of customers the bank had overcharged. The investigation, which dates back to 2012, was triggered after one Westchester County resident complained that she had been charged more than what she’d negotiated with the bank on her investment account, according to the AG’s office. The investigation then expanded — discovering that 47,000 customers had been overcharged. “Our investigation put $22.5 million rightfully back in the hands of customers in New York and across the country,” Schneiderman said in a statement. “We are pleased to have this matter resolved,” Danielle Romero-Apsilos, Citigroup’s public relations director, told The Post.
New York Attorney General Eric T. Schneiderman announced that Citigroup had been issued a penalty of $22.5m marking the final piece in a three-year investigation dating back to 2012. Citigroup reimbursed $1m to customers after the investigation discovered that 47,000 had been overcharged.