Citigroup Funding Inc (CNDQ/CNDQ.PK) Wrap Up:

Velocity Portfolio Group, Inc., through its subsidiaries, operates as a portfolio management company in the United States. It engages in the acquisition, management, collection, and servicing of distressed assets comprising consumer receivable portfolios, interests in distressed real property, and tax lien certificates. The company invests in consumer receivable portfolios purchased on the secondary market and liquidates these portfolios through legal collection means. Velocity Portfolio Group, Inc. was formerly known as Velocity Asset Management, Inc. and changed its name to Velocity Portfolio Group, Inc. in November 2008. The company was founded in 2003 and is based in Wall, New Jersey.