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As Allianz Fraudster Tournant Indicted Kidgloves on Allianz despite Sanction Violation

By Matthew Russell Lee, Patreon Maxwell Book
BBC-Guardian UK - Honduras - ESPN NY Mag

SDNY COURTHOUSE, May 17 –   A scandal of Allianz that has been brewing since the collapse of its investment funds as COVID set has given rise to guilty pleas of two cooperators, and the indictment of Gregoire Tournant, by Southern District of New York prosecutors on May 17.  

At issue are Allianz Global Investors U.S. LLC's Structured Alpha Funds; the cooperators are Stephen Bond-Nelson, who along with Tournant was discharged in late 2021, and Trevor Taylor.   

The prosecutors' statement of facts goes out of its way to say "The misconduct occurred only within the small Structured Products Group at AGI US. The Government’s investigation has not revealed evidence that anyone at AGI US outside of the Structured Products Group was aware of the misconduct before March 2020. The investigation also has not revealed that anyone at any other organizations that fell within the broader umbrella of the parent company Allianz SE was aware of or participated in the misconduct."  

  But Allianz has previously been fined by the US OFAC for sanctions violations, and for example hit with penalties by the Bermuda Monetary Authority. So why say that? Was it a condition the prosecutors accepted in exchange for Allianz' guilty plea?

 And what is being done in Germany, by BaFin and others, so slow on Wirecard?

Inner City Press will stay on the case - watch this site.

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