fraud

France blames ticket fraud for Champions League final chaos

France blames ticket fraud for Champions League final chaos

PARIS (AP) — French authorities defended police on Monday for indiscriminately firing tear gas and pepper spray at Liverpool supporters at the Champions League final, while blaming industrial levels of fraud that saw 30,000 to 40,000 people try to enter the Stade de France with fake tickets or none at all. UEFA ordered an independent …

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Virginia pension fund invested in global firm that now faces federal fraud charges

Virginia pension fund invested in global firm that now faces federal fraud charges

NEW YORK, NY (WRIC) — Allianz Global Investors, a multinational investment firm based in Germany, is facing federal fraud charges – and the announcement comes just over two months after the Virginia Retirement System closed its account with the company. The charges are spread across three cases currently being prosecuted in the Federal District Court …

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Allianz to pay $6 billion in U.S. fraud case, fund manager charged

Allianz to pay $6 billion in U.S. fraud case, fund manager charged

NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of Justice and U.S. Securities and …

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