Trump Administration Asks Citibank to Freeze $20 Billion in Funds Linked to Biden-Era Climate Program Amid FBI, EPA, and Treasury Probe

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Updated Mar 13, 2025, 10:55 AM

The Trump administration has initiated a legal action against Citibank, requesting the freezing of $20 billion in funds associated with a Biden-era climate program. This request follows a criminal probe led by the FBI, the Environmental Protection Agency (EPA), and the Treasury Department, which have reportedly informed Citibank to freeze funds linked to climate grants. Citibank's court filings indicate that the FBI is considering recipients of these EPA grants, including major climate organizations, as potentially liable for fraud. The allegations include claims of 'conspiracy to defraud the United States.' The situation has raised concerns about the legitimacy of the FBI's investigation, with accusations that the EPA may be fabricating evidence to justify the clawback of these funds. The implications of this case could have far-reaching effects on climate funding and the organizations involved.

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Sources

newrepublic.com(2)techcrunch.com(2)arstechnica.com nypost.com

Mike Benz

@MikeBenzCyber

The Blob To Banker Pipeline: How High Finance Trades Off Foreknowledge From The State Department, The Pentagon & The CIA https://t.co/YqdwNNDmMe

JMDavis

@JessMarinDavis

🧐Citibank was "told to freeze the groups’ bank accounts at the FBI’s request...The FBI alleges that the groups are involved in “possible criminal violations,” including “conspiracy to defraud the United States.”" https://t.co/8eKVjEL0CF