CitiGroup was just fined $285,000,000 by The Securities and Exchange Commission for fraud charges in a 2007 mortgage-lending scheme that they knew was going to go belly-up.

According to corporate emails and memos, key CitiGroup executives knew from the beginning that the loans would fail, and they actually bet money on that fact, and they did not inform their investors about the scheme.

A few months later, the loans, in fact, did fail. The company made $160,000,000 on the deal while their investors lost millions, and, of course, the folks who were granted the mortgages lost their homes and their credit ratings.

Not one CitiGroup executive has been indicted.

Still wonder what Occupy Wall Street is all about?