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Richard Bowen has been widely described in the news media, including the Wall Street Journal, CBS Evening News, and 60 Minutes as the Citigroup whistleblower who repeatedly warned Citi executive management, beginning in 2006, about risky business practices and potential losses related to mortgage lending.
His warnings included a November 3, 2007, email to Robert Rubin, Chairman of the Executive Committee of the Citigroup Board of Directors, the Citigroup Chief Risk Officer, Chief Financial Officer and Chief Auditor. In this email, which was disclosed in public testimony, Mr. Bowen attempted to warn Citigroup management and the board of directors about the extreme risks and potential losses to shareholders existing in his business unit. In this email Mr. Bowen also requested that the board of directors perform an outside investigation of his business unit.
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