Continuing Investigation of Citigroup’s Falcon, ASTA and MAT Hedge Fund Collapse

BEVERLY HILLS, Calif., May 8, 2008 (Lawfuel) — The decline of
Citigroup’s fixed income hedge funds has led to investor claims and an
investigation of Citigroup, Inc. (C), according to a four-law firm
legal team with nationally recognized securities law experience.

“We are investigating the decline of fixed income portfolios that
Citibank sold. The Falcon, ASTA and MAT funds employed leverage to
purchase municipal bonds,” said attorney Steven Caruso of Maddox
Hargett & Caruso, P.C. “According to published reports, Falcon appears
to have lost more than 70% of its value while ASTA and MAT appear to
have suffered potential losses in the estimated range of 80% to 90%.”

Citigroup recently commenced an exchange program for investors in its
Falcon Fund which provides for the estimated payment to investors of
45% to 54% of their invested capital in exchange for a full release
from all further legal claims.

While the law firms are investigating the hedge funds that have been
adversely impacted by the credit crisis, the individual brokers who
sold the hedge funds are not targets of investor claims, according to
the investors’ legal team which includes the firms of Aidikoff, Uhl &
Bakhtiari, of Beverly Hills, Calif.; Maddox Hargett & Caruso, P.C., of
Indianapolis, Ind. and New York, N.Y.; Page Perry, LLC, of Atlanta,
Ga.; and David P. Meyer & Associates Co., L.P.A., of Columbus, Ohio.

A class action lawsuit was filed against Citigroup in the United States
District Court for the Southern District of Florida for purchasers of
the Falcon fund, A. Robert Zeff v. Citigroup Alternative Investments,
LLC et al., Case No. 2008cv80346.

If you are an investor that lost more than $100,000, you should
consider all legal options.

More information is available at www.subprimelosses.com or by
contacting an attorney.

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