A financial consultant who worked for Citigroup’s Smith Barney unit timed $20 million in FleetBoston’s Columbia funds.

Reuters reports on the details surrounding Salvatore Giacalone, among the nine parties named in last week’s suit against Fleet. A Citigroup spokeswoman declined to comment, and Giacalone did not return a phone call to his office.

According to the complaint, the adviser sought to market time $15 million in the Columbia Newport Tiger fund, in exchange for $5 million invested in other funds.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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