Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud
- Bill Hwang was sentenced to 18 years in prison for the collapse of Archegos Capital Management, which resulted in over $10 billion in losses for Wall Street banks.
- Hwang was convicted on 10 charges, including wire fraud and securities fraud, with the sentence slightly shorter than the 21 years sought by prosecutors.
- Prosecutors described the losses caused by Hwang's actions as a national calamity, exceeding losses of any other case Judge Hellerstein has encountered.
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Total News Sources0
Leaning Left9Leaning Right4Center15Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 32%
C 54%
14%
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