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In addition to fines and restitution under the Justice Department, the company agreed to pay more than $1 billion to settle claims by the SEC, including.
The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer's good name to lure investors and
US authorities say Greg Tournant and his colleagues sold lies to investors that cost customers, and now the company, billions of dollars.
By Tom Sims, Alexander Hbner and John O'Donnell FRANKFURT (Reuters) - The star portfolio manager at the centre of a fraud at the U.S. funds unit of Al...