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Allianz's American asset management unit pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to those

Allianz's American asset management unit pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to those who have been misled about the risk of investing in some hedge funds that collapsed with the beginning of the COVID-19 pandemic, in addition to more than $1 billion to the Securities and Exchange Commission.

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BusinessAllianz's American asset management unit pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to those

Allianz's American asset management unit pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to those who have been misled about the risk of investing in some hedge funds that collapsed with the beginning of the COVID-19 pandemic, in addition to more than $1 billion to the Securities and Exchange Commission.

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