Disgraced multimillionaire and convicted white collar criminal Bill Hwang is too broke to ever pay the nearly $10 billion in restitution requested by prosecutors to make some of Wall Street’s biggest banks whole again.
It’s a stunning fall for the once high-flying graduate of hedge fund pioneer Julian Robertson's Tiger Management. Hwang, now 60, went on to gamble on behalf of his own family office Archegos and amassed a fortune Bloomberg estimated was once worth $30 billion.
