Forbes… The Man Who Personally Owes Citigroup $126 Million

The Man Who Personally Owes Citigroup $126 Million

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.”