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Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $6 Billion Settlement

by Starling Insights

Starling Insights Editorial Board

May 26, 2022

Observations

A U.S. investment arm of Europe’s largest insurer, Allianz SE, has pled guilty to securities fraud. The firms will pay roughly $6 billion in penalties and restitution for investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff.

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Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $6 Billion Settlement

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