A jury in federal court found Bill Hwang guilty on charges relating to the Archegos Capital Management collapse, causing about $10 billion in losses for Wall Street banks.
Hwang, 60, was convicted of 10 charges, including securities fraud, wire fraud, conspiracy, racketeering, and market manipulation, potentially facing the rest of his life in prison.
The former CFO of Archegos, Patrick Halligan, was also found guilty on all three counts of conspiracy, securities fraud, and wire fraud, following a lengthy trial in Manhattan.
[
Collection
]
[
|
...
]