Citigoup, Inc. (NYSE:C) is facing criminal charges as it begins the Lehman Brothers trial in Brussels. The company is on trial for allegedly failing to inform the investors of the risks involved in the company’s products. Lehman Brothers Belgium claim to have lost $210.9 million after it well in September 2008.
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One thousand angry investors purchased investments from Citigroup, but were ill informed on the risks of the investments. The investors state that their money was guaranteed once their money was moved from savings and current accounts. The trial has the potential to last two to three years as all one thousand investors attend the trial.
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