Citibank accused of ignoring signs of $20M crypto romance scam

Michael Zidell has sued Citibank in a Manhattan federal court, alleging the bank ignored red flags that let scammers take $20 million from him in a crypto romance scam. Zidell said he sent 43 transfers totaling over $20 million across multiple banks, including about $4 million that went to accounts at Citibank. The complaint says 12 transfers totaling around $4 million went to a company called Guju Inc., and that large, round sums moved in and out of its accounts in a suspicious manner. Citibank declined to comment on the lawsuit.