Clive Knobbs

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Doubts raised about latest Imperial Consolidated spin-off

Citigroup has cast doubt on the legitimacy of a new investment scheme whose participants include two key players in the $345 million fraud perpetrated by the Imperial Consolidated Group.Edouardos Stamatiou and Robert Raven are involved in an attempt by United Financial Corporation S. A. to sell $110 million one-year Certificates of Deposit bearing annual interest of up to 14 per cent.