The Man Who Personally Owes Citigroup $126 Million
By Nathan Vardi
Forbes… The Man Who Personally Owes Citigroup $126 Million
Detwiler, a forensic document specialist, testified that Nichols’ signatures on checks and documents related to two loans against his life insurance policies were fraudulent. “They’re definitively not genuine,” Detwiler told the court...
By Nathan Vardi
“Moses ‘Mark’ Stern, a little-known 37-year-old commercial real estate investor, personally owes Citigroup $126 million. It’s a staggering amount of money for a single individual to owe the bank, which has obtained court judgments against Stern in recent months. The personal liability, perhaps the largest of its kind, stems from two guarantees Stern pledged as part of a 2007 shopping mall deal that went awry.”
Subscribe now to keep reading and get access to the full archive.