LAWFUEL – The Law News Wire – MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that CHARLES CRAIG GILE, the former head of American trading at the commodities desk at Citibank NA (“Citibank”), was sentenced today to 12 months and 1 day in prison for conspiring to falsify bank records and to commit wire fraud.
On October 19, 2006, GILE pleaded guilty to scheming to inflate the trading profits of the Citibank commodities desk by as much as $20 million during 2003 in order to enhance his apparent job performance and his eligibility for bonuses from Citibank. In addition to the prison sentence, United States District Judge ROBERT W. SWEET also ordered GILE to 2 years of supervised release, to pay restitution in the amount of $185,819, and to pay a fine of $3000.
