SELECT LANGUAGE BELOW

Archegos’ Bill Hwang sentenced to 18 years for massive fraud

Disgraced investor Song Kook “Bill” Hwang was sentenced Wednesday to 18 years in prison for fraud and market manipulation in connection with the stunning collapse of Archegos Capital Management. U.S. District Judge Alvin Hellerstein announced the ruling in Manhattan federal court months after a jury convicted Huang in July of 10 criminal charges, including wire […]

Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse

Archegos Capital Management founder Sung-Kook “Bill” Hwang was convicted by a jury in a criminal trial in Manhattan federal court on Wednesday after prosecutors accused him of manipulating markets ahead of the 2021 collapse of his $36 billion private investment firm. Jurors began deliberations Tuesday morning, a day after closing arguments in the trial of […]