Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse December 9, 2024 By Bob Van Voris A former Allianz SE hedge-fund manager avoided prison and will instead spend 18 months in home confinement for fraudulently inflating...
Former Jacksonville Jaguars Financial Manager Accused of Stealing $22M from Team December 8, 2023 JACKSONVILLE, Fla. (AP) — A former financial manager for the Jacksonville Jaguars has been accused of stealing more than $22...
Washington Startup’s Ex-CFO Accused of Diverting $35M, Losing It in Crypto May 24, 2023 By Gene Johnson The former chief financial officer of a Seattle, Washington-based startup took $35 million of his employer’s money without permission and...
Adidas Sued by Investors Over Broken Ye Partnership May 1, 2023 Adidas AG was sued by investors who claim the German sports giant knew about risks of its partnership with the...
Australia Contractor Downer Faces Class Action Lawsuit for Misreporting on Contract April 3, 2023 Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain...
Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer March 14, 2023 By Greg Farrell A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges February 1, 2023 By Bob Van Voris The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge...
Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds May 19, 2022 Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted May 17, 2022 By Tom Sims, Alexander Hübner and Jonathan Stempel Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal...