Home / Centerstage / 2022 / may / Week 3 /
Allianz's American asset management unit currently pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to compensate those misled about the risks of investing in collapsed hedge funds during the COVID-19 pandemic. In addition, they will pay over $1 billion to the Securities and Exchange Commission. Germany's Allianz SE agrees to a total settlement of over $6 billion, marking one of the largest settlements in corporate history under President Joe Biden's administration.
Monday, 16 May, 2022