Archegos founder Bill Hwang sentenced to 18 years in prison
Source: BBC
Former Wall Street investor, Sung Kook "Bill" Hwang, has been sentenced to 18 years in prison in a massive fraud case that cost banks billions of dollars.The sentence comes after Hwang was found guilty of fraud and market manipulation in a case linked to the failure of his investment fund Archegos Capital Management in 2021."The amount of losses that were caused by your conduct are larger than any other losses I…
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