I'm having deja vu. Didn't Citigroup get into big trouble during the dot con era for insider IPOs recommended by their broker division and some other things?

Looks like the New York State Attorney is filing charges:

the New York Attorney General's office alleged that the nation's largest bank "has repeatedly and persistently committed fraud by material misrepresentations and omissions" in the underwriting, distribution and sale of auction rate securities, touting them as safe, cash-equivalent investments