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A Texas man has filed a lawsuit against Citibank, accusing the financial giant of enabling a $20 million pig butchering scam. The victim claims he was lured into investing in a fraudulent NFT scheme after being contacted by a scammer posing as a businesswoman.
- Citibank is accused of failing to detect red flags in the Guju, Inc. account, which received $4 million from the victim despite claiming minimal wire activity.
- The scam involved a fake NFT investment platform, 'OpenrarityPro.com,' which displayed inflated returns before disappearing with victims' funds.
- Zidell's lawsuit claims Citibank provided 'substantial assistance' to scammers by processing transactions that blatantly contradicted the account's stated purpose.
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