archegos

Bill Hwang sentenced to 18 years in prison in Archegos case

ARCHEGOS Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his US$36 billion family office, capping ...

Bill Hwang, 60, deserves a lengthy prison term because he led one of the largest securities fraud schemes in history and caused billions of dollars in losses, prosecutors said in a Friday filing.

Bill Hwang should get 21 years for Archegos crimes, US says

ARCHEGOS Capital Management founder Bill Hwang should serve 21 years behind bars for fraud and market manipulation that led to his firm’s massive 2021 collapse, prosecutors recommended ahead of his se...

Bill Hwang  was convicted in July following a two-month long trial in New York of orchestrating a scheme to inflate the value of Archegos’ portfolio by misleading Wall Street banks into buying swaps on certain stocks.

Bill Hwang’s sentencing in Archegos case postponed to November

ARCHEGOS Capital Management founder Bill Hwang’s sentencing on fraud charges was postponed from the end of the month to Nov 20.

The trial centered on the implosion of Bill Hwang’s family office Archegos, which inflicted US$10 billion in losses at global banks and, according to prosecutors, and caused more than US$100 billion in shareholder losses at companies in its portfolio.

Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse

ARCHEGOS Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused h...

During an eight-week trial, Archegos founder Bill Hwang was accused of being the mastermind of a scheme that ensnared half of Wall Street and cost banks US$10 billion after he artificially jacked up stock prices.

Archegos’ Bill Hwang makes last pitch to jury set to decide his fate

ARCHEGOS Capital Management founder Bill Hwang’s lawyer made his final pitch to a jury poised to start deliberating his fate, arguing the US government’s fraud and market-manipulation case over the me...

Prosecutors accuse Hwang of using financial contracts known as total return swaps to secretly amass outsize stakes in multiple companies without actually holding their stock.

Bill Hwang arrives in court for trial on US$36 billion Archegos collapse

Archegos Capital Management founder Sung Kook “Bill” Hwang appeared in court on Monday (May 13) to face charges stemming from the 2021 collapse of the US$36 billion fund.

Bill Hwang (left) who was charged with 11 counts of securities fraud, wire fraud, conspiracy, racketeering and market manipulation, leaves Federal District court after the first day of his trial, Manhattan, New York, May 8, 2024. If convicted, he could spend the rest of his life in prison.

Archegos founder to go on trial for fraud, market manipulation

ARCHEGOS founder Bill Hwang will go on trial on Monday for alleged securities fraud and market manipulation, prosecutors said, following the fund’s spectacular 2021 implosion that cost large banks bil...

Prosecutors accuse Archegos founder Sung Kook “Bill” Hwang of using financial contracts known as total return swaps to secretly amass outsized stakes in multiple companies without actually holding their stock.

Jury chosen for Bill Hwang’s trial over Archegos collapse

A JURY was chosen on Thursday in the criminal racketeering trial of Sung Kook “Bill” Hwang over the 2021 collapse of his US$36 billion fund Archegos Capital Management, setting the stage for opening s...

The Prudential Regulation Authority’s decision comes after Nomura made progress on a remediation plan that required it to improve its risk monitoring and control systems, one source said.

UK regulators lift punitive capital demands on Nomura, sources say

REGULATORS in the UK have eased capital demands on Nomura Holdings that had been placed after it lost US$2.9 billion on fund Archegos, according to two people with knowledge of the matter, freeing up ...

In a filing in federal court in Manhattan, Bill Hwang (pictured) said the defence learned on Friday that prosecutors had failed to produce 14 gigabytes of data, despite having obtained them in November 2021.

Archegos founder Hwang seeks sanctions over prosecutors’ ‘grave failure’ on data

THE founder of Archegos Capital Management, the once-US$36 billion private investment firm that collapsed spectacularly in 2021, on Monday sought to block prosecutors from introducing huge quantities ...