Sethl Levine News Today

Allianz Global Investors US LLC, a New York City-based investment adviser, has agreed to plead guilty to its role in a fraud scheme stretching from 2014 to 2020 that led to more than $5 billion in losses for investors, including the Arkansas Teacher Retirement System.

Federal authorities say bus drivers and charitable groups were among victims who lost $5 billion from private investment funds once worth $11 billion

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