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The Latest Breaking News from Bill Hwang

Archegos Capital Founder Sentenced To 18 Years For Fraud

Founder of Archegos Capital Management sentenced to 18 years for securities fraud, causing billions in losses.

Top News

Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

The Independent UK

Investor Says He's Lost More Than $30 Billion Of His Wealth As He Tries To Avoid Huge Payment

Bill Hwang, the founder of Archegos Capital Management, lost over $30 billion following the 2021 collapse of his family office.

International Business Times

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Archegos founder Bill Hwang tells court he can't pay $10 billion compensation to victims because he's only a millionaire

Lawyers for the disgraced whale don't believe a U.S. federal court should order any restitution to banks that agreed to lend him money under false pretences.

Fortune

Archegos Founder Bill Hwang Guilty In Multibillion-dollar Fraud Case

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.

International Business Times

Founder of collapsed hedge fund Archegos Capital is convicted of securities fraud scheme

The founder of Archegos Capital Management has been convicted of securities fraud in a scheme that prosecutors say cost global investment banks billions of dollars

The Independent UK

Bathroom breaks were banned by Archegos boss accused of fraud, who allegedly 'yelled' at staff for stepping away while key stocks were moving

The trial of Sung Kook “Bill” Hwang, boss at Archegos Capital Management, heard former staffer William Tomita claim Hwang banned bathroom breaks during key trades.

Fortune

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Bill Hwang Trial Commences For Billion Archegos Collapse

The trial of Bill Hwang, founder of Archegos Capital Management, delves into the billion collapse of Archegos in 2021 and its implications for the fina...

Top News

Archegos Founder To Go On Trial For Fraud, Market Manipulation

The family-owned hedge fund run by Hwang had taken huge bets on a few stocks with money borrowed from banks, and when several of those bets turned sour, the fund was unable to meet "margin calls" to cover the losses.

International Business Times

Bill Hwang's Trial Commences For Archegos Fund Collapse

Trial of Bill Hwang, founder of Archegos fund, for alleged fraud and fund collapse exposes risks in hedge fund industry.

Top News

Major investment bank and former trader fined over stock-trade fraud

Federal regulators say a major investment firm and one of its employees were involved in a multiyear fraud involving block trades.

The Street

Archegos Founder Hwang Seeks Sanctions Over Prosecutors' Data Failure

Archegos founder Hwang calls out prosecutors in ongoing fraud case, seeking sanctions over their 'grave failure' in mishandling crucial data.

Top News

Credit Suisse Surrenders

The former European banking flagship will be bought for the modest sum of $3 billion by its eternal rival and compatriot UBS.

The Street

Credit Suisse's Days Are Numbered

The Swiss government reportedly urged UBS to buy Credit Suisse, to end the crisis of confidence around its rival.

The Street

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The Street

Credit Suisse Takes Another Big Hit

Swiss regulator FINMA says the bank "seriously breached" the law in the 2021 Greensill scandal.

The Street

Struggling Credit Suisse Gets Another Chance

The Swiss bank on Oct. 27 is expected to present its plan to restructure and put its scandals behind it.

The Street

Credit Suisse Is in Deep Trouble

The Swiss banking giant is embroiled in a succession of financial scandals that now threaten its future.

Tribune News Service

The men who flipped on Bill Hwang were trusted lieutenants

Not long ago he was playing polo on the Connecticut Gold Coast — a dashing young Wall Streeter charging hard for a winning shot.

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Axios

What happens to "the bezzle" when a bull market ends

Regulators have signaled they're more serious about cracking down on financial criminals than they have been in decades.

Businessweek

Wall Street Isn’t Ready for the Crackdown Coming Its Way

Federal investigations into questionable trading practices are on the rise—and the fate of Bill Hwang and his firm, Archegos, may await others in the finance industry.

inkl Originals

The Weekly Wrap for Saturday, 30 April 2022

Show me the money! What's left of it anyway. After some truly ludicrous earnings reports on the back of distorted consumer behaviour over the past 24 months, reality (and routine) may be returning to the market. This week we're scratching at some very big numbers (and yes there will be…

Benzinga

All The Stocks Bill Hwang's Archegos Capital Is Accused Of Manipulating

From March 2020 through its collapse in March 2021, Archegos Capital Management, headed by Sung Kook (Bill) Hwang and partners, entered into a manipulative scheme that increased Archego’s bottom line from around $4 billion to $36 billion, according to a SEC lawsui

The Street

Fund Managers Arrested As $20B Implosion Spreads

The two managed the fund before it collapsed in March 2019 in a $20 billion fallout in the swaps market

AFP

US indicts Archegos founder Hwang for fraud, market manipulation

New York (AFP) - US authorities on Wednesday arrested Archegos founder Bill Hwang and charged him with securities fraud and market manipulation following the fund's spectacular implosion last year that cost large banks billions of dollars.

Axios

Archegos founder Bill Hwang indicted on fraud charges

It could be one of the most high-profile white-collar prosecutions in recent memory.

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