Allianz Fund Managers’ Paydays Could Be Followed by Prison
- Greg Tournant allegedly plotted cover-up at construction site
- His lawyers say investor losses aren’t the result of any crime
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He was a hedge-fund manager supposedly under the watchful eye of a “master cop” -- an Allianz SE unit that policed his every move.
Instead, U.S. authorities say, Greg Tournant sold lies to investors that cost customers, and now Allianz, billions of dollars, and resulted in a guilty plea to federal charges of securities fraud by Allianz Global Investors US.