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

🔒 Archegos founder Bill Hwang found guilty of fraud, market manipulation in trial

Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud and market manipulation in connection with his firm’s 2021 collapse. The Manhattan federal court jury also convicted Patrick Halligan, Archegos’ former CFO, after just one day of deliberation. Hwang and Halligan face up to 20 years in prison for defrauding counterparties like Credit Suisse and UBS. Sentencing is scheduled for October 28. Sign up for your early morning …

Archegos founder Bill Hwang guilty in multibillion-dollar fraud case

New York, United States — The founder of US investment firm Archegos, Bill Hwang, was found guilty Wednesday of fraud and market manipulation in a case focused on the fund’s 2021 implosion that cost major banks billions of dollars. A jury in New York convicted South Korean-born Hwang on 10 of the 11 charges he

Bill Hwang, Wall St. Investor In Major Media Stocks, Guilty Of Fraud And Market Manipulation

A jury in New York has found Wall Street investor Sung Kook ‘Bill’ Hwang guilty of fraud and market manipulation. The jury found Hwang guilty on 10 of 11 criminal counts after beginning deliberations Tuesday afternoon. Hwang’s co-defendant and deputy, Patrick Halligan, was also found guilty Hwang’s family office, Archegos, lied to banks to conceal massive stock purchases to artificially inflate stock values. Hwang’s firm had positions in sto…

Archegos founder Bill Hwang found guilty of fraud

The collapse of Archegos Capital Management caused billions of dollars in losses for several big banks.

A New York court has found the Archegos founder guilty of fraud and market manipulation.

Archegos Founder Bill Hwang Found Guilty in Fraud and Racketeering Case Involving ViacomCBS Stock

Maverick investor Bill Hwang was found guilty Wednesday by a Manhattan federal jury of fraud and racketeering charges in a market manipulation case involving ViacomCBS shares and other stocks. Hwang was found guilty of 10 out 11 counts of fraud and racketeering related to his stock trading activity. In 2020 and 2021, he stealthily amassed […]