Archegos Founder Bill Hwang Is Sentenced to 18 Years
Mr. Hwang was convicted in July for his role in the collapse of his investment firm that caused roughly $10 billion in losses for several Wall Street banks.
Posted inBanking and Financial Institutions Decisions and Verdicts Frauds and Swindling Halligan, Patrick (Financial Executive) Hellerstein, Alvin K Hwang, Bill Jury System Securities and Commodities Violations
Archegos Founder Bill Hwang Found Guilty on 10 Charges
The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.