The co-lead manager of the structured fund has avoided prison time due to health issues regarding a multi-billion-dollar fraud scheme.
Gregoire Tournant, who was also the chief investment officer (CIO) of Allianz Global Investors US (AGI US), has been sentenced to 18 months home confinement and three year’s probation at a federal court in Manhattan on Friday. We are deeply appreciative to the Court for imposing this just sentence and recognizing that incarceration was not appropriate in this case - Defence lawyers Seth Levine and Daniel Alonso The ruling came after Tournant pleaded guilty in June to invest