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Citibank Freezes Nonprofit Accounts Amid Fraud Allegations

3/13/2025

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Summary

Story summary

Citibank has been ordered by federal agencies to freeze accounts of nonprofits tied to the $27 billion Greenhouse Gas Reduction Fund. Amid fraud allegations, the EPA has halted $20 billion in grants, prompting nonprofits like Climate United Fund to sue for access to their funds, claiming the EPA's actions jeopardize vital climate initiatives.

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Story summary

Citibank has been ordered by federal agencies to freeze accounts of nonprofits tied to the $27 billion Greenhouse Gas Reduction Fund. Amid fraud allegations, the EPA has halted $20 billion in grants, prompting nonprofits like Climate United Fund to sue for access to their funds, claiming the EPA's actions jeopardize vital climate initiatives.