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,...
Archegos Banks That Unwound Bets Face Criminal Antitrust Probe
WEB4 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.
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...
Archegos founder Bill Hwang found guilty in multibillion-dollar …
WEBJul 10, 2024 · 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 dollars...
Four Charged in Connection with Multibillion-Dollar Collapse of ...
WEBApr 27, 2022 · Sung Kook (Bill) Hwang, the founder of Archegos, and three others are accused of racketeering and fraud offenses related to market manipulation of publicly traded securities. The scheme caused a multibillion-dollar collapse of Archegos and significant losses to banks, investors and companies.
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 ...
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.
Four Charged In Connection With Multi-Billion Dollar Collapse Of ...
WEBApr 27, 2022 · Four defendants, including the founder of Archegos, are charged with racketeering and fraud offenses for lying to banks and manipulating stock prices of publicly traded companies. The scheme caused billions of dollars of losses to banks, investors, and Archegos employees.
Live News From Bill Hwang's Trial Over Archegos Collapse: Expert ...
WEBMay 30, 2024 · Follow the latest news from the trial of Bill Hwang, the founder of Archegos Capital Management, accused of fraud and market manipulation. Read about the testimony of SEC experts, former UBS...
SEC Charges Archegos and its Founder with Massive Market …
WEBApr 27, 2022 · The SEC’s complaint, filed in federal district court in Manhattan, charges Hwang and the other defendants with violating antifraud and other provisions of the federal securities laws. The complaint seeks permanent injunctive relief, return of allegedly ill-gotten gains, and civil penalties.
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