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Germany's Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the
Alliance Global Investors will forfeit $463 million and pay $3.2 billion in restitution to victims of the fraud as well as a $2.3 billion penalty.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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...
NEW YORK (AP) — Bus drivers, subway conductors and religious and charitable organizations nationwide were among victims when fraud and the COVID-induced market collapse speeded the downfall of private investment funds once worth $11 billion, causing a loss of $5 billion for investors in an investment company giant, authorities said Tuesday.