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Published 14 days ago

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

  • Bill Hwang, founder of Archegos Capital Management, convicted of fraud after the 2021 collapse, resulting in significant financial losses and threatening Wall Street.
  • The jury quickly found Hwang guilty on 10 of 11 criminal charges following a brief deliberation.
  • Prosecutors revealed Hwang's deception involving lying to banks, inflating stock values, and borrowing large sums to manipulate stock prices.
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