| After
Allianz Global Investors US Pled
Guilty Tournant Also Pled Now He
Gets No Jail Time
By Matthew
Russell Lee, Patreon Maxwell
Book
SDNY COURTHOUSE,
Dec 6 – 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, 2022.
Jump cut to
January 9, 2024 when Chief
Judge Laura Taylor Swain held
a conference. Inner City Press
was there. After lengthy
arguments about the timing of
defense expert disclosures,
and disclosures of what
witnesses would say, Chief
Judge Swain set an April
conference, saying that the
September 23 trial date will
remain firm regardless. The
final pre-trial conference, no
matter before what judge, was
set for September 12 at 3 pm.
On June 6, 2024,
Tournant pled guilty. Inner
City Press was there, thread
On November 8
Tournant's lawyers asked for
no jail time, arguing that "as
a result of his conviction,
Greg will never work in the
finance industry again
[REDACTED]
On November 15
the US Attorney's Office wrote
in asking for "no fewer than
seven years' imprisonment."
On November 27
Tournant's counsel wrote in
asking for no jail time,
citing "Greg's health and the
substantial monetary
penalties" and arguing that
the "actual loss in this case
is zero."
Sentencing is set
for December 6 at 11 am.
And on December 6
Tournant got no prison time:
36 months probation, the first
18 of which are home
confinement (he can still go
out).
Contrast to
Brenda Laverty, a smaller time
fraudster - not convicted -
who was extradited in from a
cancer ward in Cyprus but
remains in the MDC, despite a
letter from many other female
inmates there...
Inner City Press
uploaded Bond-Nelson's
cooperation deal to Patreon here.
US
Attorney Damian Williams said
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.
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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