US Department Of Justice: Three Portfolio Managers And Allianz Global Investors U.S. Charged In Connection With Multibillion-Dollar Fraud Scheme - Gregoire Tournant, Chief Investment Officer Of Allianz Global Investors U.S.'S Structured Products Group, And Two Others Charged With Fraud Offenses
<p><span>An indictment was unsealed today in the Southern District of New York charging Gregoire Tournant, the Chief Investment Officer and co-lead Portfolio Manager for a series of private investment funds managed by Allianz Global Investors U.S. LLC (AGI), with securities fraud, investment adviser fraud and obstruction of justice offenses in connection with a scheme to defraud investors. Those funds ultimately collapsed, leading to billions of dollars of investor losses. Tournant surrendered to Postal Inspectors in Denver, Colorado, this morning and is expected to be presented la...
Source: mondovisione.com