NEW YORK — Archegos Capital Management’s Bill Hwang asked a judge to toss out fraud charges against him because prosecutors allegedly engaged in “deceitful” conduct in the early days of the government’s probe.
Hwang was duped into assisting the government in a number of meetings with investigators who didn’t tell him when they’d decided he was more than a mere “subject” of the probe, leaving open the possibility that he wouldn’t be charged, his lawyer said in a motion to dismiss the indictment late Friday. Hwang is scheduled to go on trial in October 2023.
“The government had made its decision long before numerous sessions in which the government elicited information from Mr. Hwang and his counsel that would never have been revealed but for the misimpression, fueled by the government, that the decision of whether to indict had not been made,” Hwang’s lawyer, Lawrence Lustberg, said in a filing in federal court in Manhattan.
