Allianz Global Investors US Pleads Guilty to Securities Fraud as US Indicts its Officials

IMPORTANT: The full content of this page is available to premium users only.

Friday, May 20, 2022
Author: 
Bruce Zagaris
Volume: 
38
Issue: 
5
Abstract: 

On May 17, 2022, the U.S. Department of Justice announced that Allianz Global Investors U.S. (AGI) will plead guilty to securities fraud in connection with a scheme to defraud investors, many of which were pension funds.  Simultaneously, the DOJ unsealed the guilty pleas of Trevor Taylor and Stephen Bond-Nelson in connection with their respective roles in the scheme.  In addition, an indictment was unsealed in the Southern District of New York, charging Gregoire Tournant, the Chief Investment Officer (CIO) and co-lead Portfolio Manager for a series of private investment funds managed by AGI.