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.
Posted inBanking and Financial Institutions Decisions and Verdicts Hedge Funds Hwang, Bill Securities and Commodities Violations
Multibillion-Dollar Fraud Trial Against Archegos Founder Nears Its End
Prosecutors and lawyers presented closing arguments in the case against Bill Hwang, who is charged with 11 counts including securities fraud and racketeering.
Posted inBanking and Financial Institutions Frauds and Swindling Halligan, Patrick (Financial Executive) Hedge Funds Hwang, Bill Securities and Exchange Commission Stocks and Bonds United States
Bill Hwang, Whose Firm Archegos Collapsed in 2021, Is About to Go on Trial
The hedge fund is accused of borrowing money from banks to buy stocks.