Allianz Unit Sentenced For $6B Fraud As It Winds Down

Allianz Unit Sentenced For $6B Fraud As It Winds Down By Stewart Bishop Allianz's U.S. unit on Wednesday was formally sentenced to pay more than $6 billion over the collapse of a group of investment funds due to a fraudulent trading strategy that went south amid the pandemic, after pleading guilty last year to securities fraud. Read full article » https://www.google.com/url?q=https://www.law360.co.uk/financial-services-uk/articles/1699044?nl_pk%3D4fb4178d-225f-4ebc-8adb-2c927e9ee7ec%26utm_source%3Dnewsletter%26utm_medium%3Demail%26utm_campaign%3Dfinancial-services-uk%26utm_content%3D2023-07-13%26read_more%3D1%26nlsidx%3D0%26nlaidx%3D1&source=gmail&ust=1689332886933000&usg=AOvVaw2I-Jxc475_PFopv2K8r66l