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The Independent UK
The Independent UK
National
Via AP news wire

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

Archegos Bill Hwang Archegos Capital Management
Copyright 2024 The Associated Press. All rights reserved.

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The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars.

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