Finance

The SEC just charged a US subsidiary of investment giant Allianz in a multibillion dollar fraud scheme that targeted pensions and other investors


Allianz Global Investors US, an arm of parent company Allianz, agreed to pay $6 billion and pleaded guilty to charges of fraud and misleading investors, federal authorities announced Tuesday. As part of an agreement with federal prosecutors in New York, Allianz Global Investors U.S. pleaded guilty …

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