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>Ridgewood Resident Russell Forenza get quoted on Citigroup: Reverse Stock Split

>Citigroup Shares …

“There’s a conspiracy out there against Citi,” said Russell Forenza of Ridgewood, New Jersey, who said he owns more than 20,000 shares. Short-sellers borrow shares and sell them in anticipation of buying back at lower prices, pocketing the difference as profit.

Read more: Citigroup: Reverse Stock Split, Payout Lure Investors

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