Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $6 Billion Settlement - The Wall Street Journal

Prosecutors also brought charges against three former Allianz employees, with two agreeing to plead guilty

One of Allianz SE s U.S. investing divisions pleaded guilty to securities fraud and agreed to pay about $6 billion in penalties and restitution to investors who suffered losses when some of the subsi… [+437 chars]

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