Archegos founder Bill Hwang found guilty of fraud
Source: BBC
A jury in New York has found the Wall Street investor, Sung Kook ‘Bill’ Hwang, guilty of fraud and market manipulation.It comes three years after the failure of his investment fund Archegos Capital Management, which caused billions of dollars in losses for several major banks.Prosecutors accused Hwang of lying to lenders as he secretly amassed large bets on several companies.When Archegos was unable to repay the…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC