| As Allianz
Fraudster Tournant Indicted Inner City
Press Asks US about Cooperation &
BaFin
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.
Inner City Press
went to the SDNY press
conference and asked if the US
Attorney's Office anticipates
seeking any jail time for
Taylor and Bond-Nelson - who
left his SEC interview,
ostensibly for a bathroom
break, and never came back.
Inner City Press
has uploaded Bond-Nelson's
cooperation deal to Patreon here.
US
Attorney Damian Williams
replied that it is early in
the cooperation so too early
to tell. To Inner City Press'
question about whether his
Office worked with BaFin or
other German authorities, he
declined to say, emphasizing
the collaboration of DOJ, the
Postal Inspectors and SEC.
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."
Allianz
has previously been fined by
the US OFAC for sanctions
violations, and for example
hit with penalties by the Bermuda
Monetary Authority.
Inner City Press
will stay on the case - watch
this site.
The case is US v. Tournant,
22-cr-276 (Swain)
***
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