Richard C. Casey, a Manhattan federal judge, has denied a motion to dismiss any allegations in regards to two Citigroup executives - CEO Thomas W. Jones, and treasurer/CFO Lewis E. Daidone - who allegedly cheated customers out of millions of dollars in savings that a transfer agent affiliate of the firm's Smith Barney funds created, Dow Jones reports.

Citigroup settled the charges last year by paying $208 million in restitution to Citigroup mutual fund customers who were affected by the transfer agency arrangements.

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