Allianz division agrees to pay $6 billion for defrauding teachers, religious groups and foundations
CNN
A US division of German insurance firm Allianz will pay more than $6 billion for what US investigators called a "massive fraudulent scheme" that involved the investments of public pensions, religious organizations and other foundations.
The settlements with the US Department of Justice and US Securities and Exchange Commission are among the largest in corporate history. The company and three of its portfolio managers agreed to plead guilty to federal fraud charges as part of the settlements.
The Justice Department said Tuesday that Allianz Global Investors failed to stop a scheme to defraud investors in funds that collapsed during the 2020 Covid recession. AGI is a subsidiary of Allianz SE, one of the biggest names in the financial world with over $2 trillion in assets under management.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
A federal prosecutor in Mexico has been killed in a drive-by shooting that has shocked the nation after video footage of the attack circulated online.
The Justice Department will seek to indict the man accused of killing two Israeli Embassy staff members in Washington, DC, on federal hate crime charges this week, according to sources familiar with the matter.
Acting NASA Administrator Sean Duffy has directed the agency to fast-track plans to put a nuclear reactor on the moon.
Violent crime decreased in the US in 2024, along with property crime, murder and robbery, while the number of reported assaults on officers reached a 10-year high, according to FBI data released Tuesday.
As Texas Republicans move ahead with redistricting to protect or even expand the GOP’s slim majority in the US House, Democratic-run states, led by California, are pushing forward with their own efforts to draw new maps and add Democratic seats.
The House Oversight Committee has subpoenaed the Justice Department for files related to the late convicted sex offender Jeffrey Epstein, a major move that comes as many congressional Republicans call for more transparency around the case.
The Justice Department has an audio recording of the interview it conducted with Jeffrey Epstein associate Ghislaine Maxwell last month, and the administration is considering releasing a transcript of the interview publicly, three senior administration officials told CNN.
The US National Park Service will restore and reinstall the statue of a Confederate military officer in Washington, DC, after protesters toppled the monument five years ago.
A longtime aide to Joe Biden is set to sit for a transcribed interview in House Republicans’ probe of the former president’s potential cognitive decline and possible efforts to conceal it from the public.
As Homeland Security Secretary Kristi Noem jetted across South America last week, there was one familiar face from President Donald Trump’s orbit frequently at her side: Corey Lewandowski.
Texas Republicans are scheduled to reconvene Tuesday after they voted to issue civil arrest warrants for Democrats who fled the state to stop a GOP-led redistricting effort.
Texas Attorney General Ken Paxton recently found himself roughly 4,500 miles from home as he sought one thing that could give him an edge in his bitter primary fight against GOP Sen. John Cornyn: an endorsement from President Donald Trump.
Rep. Mike Flood faced a barrage of criticism at a packed town hall in Lincoln, Nebraska, Monday evening as constituents repeatedly confronted him over his support for President Donald Trump’s “big, beautiful bill,” immigration policy and what they described as threats to democracy.