An Allianz subsidiary agreed to plead guilty over a $7 billion investment implosion.

An Allianz subsidiary agreed to plead guilty over a $7 billion investment implosion.

The New York Times - Business:

The former chief investment officer for the funds that collapsed early in the pandemic was charged with securities fraud and obstruction of justice.

This post first appeared in The New York Times - Business. Read the original article.

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