Archegos founder Bill Hwang found guilty in multibillion-dollar …
WEBJul 10, 2024 · CNN — Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse of his investment firm wiped billions of...
The alleged architect of a multibillion-dollar fraud that shook Wall ...
WEBMay 7, 2024 · Archegos (pronounced Ar-KHAY-gos) created a web of deceptive schemes to inflate the value of certain publicly traded stocks, including Viacom and Discovery (now called Warner Bros. Discovery,...
Justice Department probing banks for alleged collusion in $36B Archegos …
WEBAt its peak, prosecutors said Archegos had $36 billion in assets and $160 billion of exposure to equities. When stock prices fell in March 2021, the banks demanded additional deposits, which ...
Archegos Founder Bill Hwang Found Guilty on 10 Charges - The New York Times
WEBJuly 10, 2024. A jury in federal court in Manhattan on Wednesday found the investor Bill Hwang guilty on charges arising from the collapse of Archegos Capital Management, which led to roughly...
Four Charged in Connection with Multibillion-Dollar Collapse of ...
WEBApr 27, 2022 · An indictment was unsealed today charging Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos, and Patrick Halligan, Archegos’s Chief Financial Officer, with racketeering conspiracy, securities fraud, and wire fraud offenses in connection with interrelated schemes to unlawfully manipulate the prices of ...
Hedge fund operators go on trial after multibillion-dollar Archegos ...
WEBMay 14, 2024 · Hwang, the founder of Archegos Capital Management, and his former CFO Patrick Halligan, went on trial Monday, May 13, 2024, accused of manipulating markets through secret trades in derivatives that cost corporations, banks and brokerages billions of dollars when the hedge fund collapsed.
Archegos Banks That Unwound Bets Face Criminal Antitrust Probe
WEB3 days ago · When news that antitrust authorities were poking around the Archegos debacle first emerged in mid-2021, many Wall Street professionals figured there was little to worry about — especially because banks pointed to the advice of lawyers throughout the episode. Indeed, the probe soon seemed to taper off.
Live News From Bill Hwang's Trial Over Archegos Collapse Day 4
WEBMay 16, 2024 · We’re going to wrap our coverage of the Archegos trial today. Here are the key takeaways from today’s testimony in the fraud and market manipulation case against Archegos founder Bill Hwang.
Live News From Bill Hwang's Trial Over Archegos Collapse: Expert ...
WEBMay 30, 2024 · MIT-Trained SEC Expert Analyzed 8 Million Hwang Trades. Archegos’ replicating its positions would be “cornering the market”. Defense lost bid to have that testimony excluded from evidence ...
Four Charged In Connection With Multi-Billion Dollar Collapse Of ...
WEBApr 27, 2022 · The Indictment further alleges that in order to get the billions of dollars Archegos needed to sustain this massive market manipulation scheme, HWANG and his co-conspirators lied to and misled some of Wall Street’s leading banks.