| After
Allianz Global Investors US Pleds Guilty
Tournant To Get Bill of Particulars in
SDNY
By Matthew
Russell Lee, Patreon Maxwell
Book
SDNY COURTHOUSE,
Dec 14 – 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.
More than a year
and a half later on December
14, 2023, this order: "as to
Gregoire Tournant re: MOTION
for Bill of Particulars and to
direct the government to
produce Brady material,
dismiss the wire fraud object
of the conspiracy charge,
strike Count Three or Four as
multiplicitous, and strike as
surplusage paragraphs 7 and 69
of the Indictment filed by
Gregoire Tournant. For the
reasons explained above, the
Motion is granted to the
extent that the Government
must provide a bill of
particulars identifying the
institutional and individual
investors and prospective
investors, as well as any
consultants, that the
Government will or may attempt
to prove were victims of the
scheme alleged in Count One of
the Indictment. The bill of
particulars must be provided
by December 20, 2023. The
Motion is denied in all other
respects. (Signed by Judge
Laura Taylor Swain on
12/13/23)."
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.
At 3 pm AGI
pleaded guilty, and even got a
sentencing date, in a peak of
corporate personhood. Inner
City Press live tweeted here and
below.
Jump cut to June
2, when Gregoire Tournant was
arraigned before SDNY Chief
Judge Laura Taylor Swain.
Inner City Press live tweeted
here
Earlier in the
day, 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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