Woman Who Couldn’t Be Intimidated By Citigroup Wins $31 Million

Sherry Hunt never expected to be a senior manager at a Wall Street bank. She was a country girl, raised in rural Michigan by a dad who taught her to fish and a mom who showed her how to find wild mushrooms.

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In November 2004, Hunt, joined Citigroup (C) Inc. as a vice president in the mortgage unit. It looked like a great career move.

Hunt’s team was responsible for protecting Citigroup from fraud and bad investments. She and her colleagues inspected loans Citi wanted to buy from outside brokers and lenders to see whether they met the bank’s standards.

“All a dishonest person had to do was change the reports to make things look better than they were,” Hunt says. “I wouldn’t play along.” Instead, she took her employer to court -- and won. In August 2011, five months after the meeting with Polkinghorne, Hunt sued Citigroup in Manhattan federal court, accusing its home-loan division of systematically violating U.S. mortgage regulations. Read the full article to learn more.