Allianz Exec Avoids Prison For $7B Investor Fraud
By Stewart Bishop ( December 6, 2024, 10:29 PM EST) -- A New York federal judge on Friday declined to sentence a former portfolio manager for Allianz SE's U.S. unit to any time in prison for lying to investors about the riskiness of a group of private investment funds that lost over $7 billion when the COVID-19 pandemic hit....
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