The Business Times

Bill Hwang

Banking & Finance

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.
Companies & Markets

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.

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.
Companies & Markets

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.

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