{
}
Gregoire Tournant, the former chief investment officer of Allianz's Structured Alpha group, has been sentenced to 18 months of home confinement for fraudulently inflating fund values, leading to $3.2 billion in investor losses. The sentence, handed down by US District Judge Laura Taylor Swain, also includes three years of probation, significantly less than the seven years sought by prosecutors.
Gregoire Tournant
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ex-Allianz Fund Manager Sentenced to Home Confinement for Fraudulent Practices
18:58 06.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Industry Mergers & Acquisitions
Global Financial Events
Market Analysis and Predictions
Banking Regulations
Financial Scams and Security
Retail and Consumer Goods
CEO Changes
Global Trade Developments
Central Bank Actions
Supply Chain Management
Government Policies
AI Innovations
Startups & Entrepreneurship
Government Economic Policies
Private Equity Deals
Energy Sector Developments
Countries:
Companies:
Barclays PLC
Tesla, Inc.
JPMorgan Chase & Co.
Bank of America Corporation
The Goldman Sachs Group, Inc.
NVIDIA Corporation
Wells Fargo & Company
Apple Inc.
UniCredit S.p.A.
UBS Group AG
Banco BPM S.p.A.
Amazon.com, Inc.
Citigroup Inc.
Deutsche Bank RV Global PP
BNP Paribas SA
Commerzbank AG
Google Inc.
Credit Suisse Real Estate Fund Siat
Huawei Technologies CO. Ltd.
ING Groep N.V.
Currencies:
United States Dollar
Euro
Indian Rupee
Swiss Franc
British Pound Sterling
Chinese Yuan
Japanese Yen
Hong Kong Dollar
Danish Krone
United Arab Emirates Dirham
Australian Dollar
Swedish Krona
South Korean Won
Canadian Dollar
Singapore Dollar
Russian Ruble
Malaysian Ringgit
Offshore Chinese Yuan
Kuwaiti Dinar
Ghanaian Cedi
People: