The trial of Bill Hwang, the founder of Archegos Capital Management, has officially begun with opening statements. Hwang's hedge fund, Archegos, faced a massive $36 billion collapse in 2021, sending shockwaves through the financial world.
The trial is set to delve into the circumstances surrounding the collapse of Archegos and the alleged fraudulent activities that may have contributed to the downfall of the fund. Prosecutors are expected to present evidence and testimonies to support their claims against Hwang.
