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After Allianz Global Investors US Pled Guilty Now Tournant Also Pleads Before Sept Trial

By Matthew Russell Lee, Patreon Maxwell Book

SDNY COURTHOUSE, June 7–  A scandal of Allianz that has been brewing since the collapse of its investment funds as COVID set has given rise to guilty pleas of two cooperators, and the indictment of Gregoire Tournant, by Southern District of New York prosecutors on May 17, 2022.

Jump cut to January 9, 2024 when Chief Judge Laura Taylor Swain held a conference. Inner City Press was there. After lengthy arguments about the timing of defense expert disclosures, and disclosures of what witnesses would say, Chief Judge Swain set an April conference, saying that the September 23 trial date will remain firm regardless. The final pre-trial conference, no matter before what judge, was set for September 12 at 3 pm.

On June 6, 2024, Tournant pled guilty. Inner City Press was there, thread:

He is 57; his lawyer asks if he can allocute from lectern to hold himself up.

Judge: Have you taken medications in the past 24 hours? Tournant (stuttering heavily) Y-y-yes. Judge: Do you wish to plead guilty? Tournant: Y-y-yes.

 Judge: Do you agree the loss amount was $3.2 billion? Defense: Only as a factual matter... Judge: You won't appeal any sentence of 120 months or less? Tournant: Y-y-yes.

 Tournant: I provided altered and misleading reports to investors, from Allianz in Manhattan. AUSA: There are 2 cooperating witnesses. Judge: I accept your guilty plea.

Judge: Sentencing will be Oct 24 at 11 am.

Inner City Press uploaded Bond-Nelson's cooperation deal to Patreon here.

  US Attorney Damian Williams said that it is early in the cooperation so too early to tell. To Inner City Press' question about whether his Office worked with BaFin or other German authorities, he declined to say, emphasizing the collaboration of DOJ, the Postal Inspectors and SEC.

Inner City Press will stay on the case - watch this site.

The case is US v. Tournant, 22-cr-276 (Swain)


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