Allianz Unit Charged With Defrauding Investors, Will Pay $6 Billion
The Justice Department brought charges against Allianz Global Investors US for the March 2020 scheme.
Source: businessinsider.com
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AllianzGI to pay $6 billion as part of SEC guilty plea, sells U.S. business to Voya
The SEC charged Allianz Global Investors and three former portfolio managers with securities fraud related to the firm's Structured Alpha strategies.
Source: pionline.com
Ground News - Allianz Subsidiary Pleads Guilty to Defrauding Investors
One of Allianz SE ’s U.S. investing divisions pleaded guilty and agreed to pay more than $6 billion in penalties and restitution for a scheme to defraud investors in funds that imploded during the March 2020 market selloff, the Justice Department said Tuesday.
Source: ground.news
Allianz unit to pay $6 billion over "massive" investor fraud
Bus drivers, subway conductors and religious and charitable organizations nationwide were among victims, authorities say.
Source: cbsnews.com
Allianz Announces $6 Bln Settlement With DOJ Over Fund Losses
(RTTNews) - Financial services company Allianz SE (ALIZY) said on Tuesday that its indirect subsidiary Allianz Global Investors US LLC or AGI US e...
Source: businessinsider.com