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The Latest Breaking News from Archegos

Archegos Capital Founder Sentenced To 18 Years For Fraud

Founder of Archegos Capital Management sentenced to 18 years for securities fraud, causing billions in losses.

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Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

The Independent UK

Investor Says He's Lost More Than $30 Billion Of His Wealth As He Tries To Avoid Huge Payment

Bill Hwang, the founder of Archegos Capital Management, lost over $30 billion following the 2021 collapse of his family office.

International Business Times

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Archegos founder Bill Hwang tells court he can't pay $10 billion compensation to victims because he's only a millionaire

Lawyers for the disgraced whale don't believe a U.S. federal court should order any restitution to banks that agreed to lend him money under false pretences.

Fortune

Archegos speculator Bill Hwang could spend the rest of his life behind bars after his disastrous bets ushered in the demise of Credit Suisse

Federal jury finds Hwang lied to lenders over the size and scope of his bets on stocks like ViacomCBS in order to juice returns, causing $10 billion in combined losses.

Fortune

Archegos Founder Bill Hwang Guilty In Multibillion-dollar Fraud Case

The founder of US investment firm Archegos, Bill Hwang, was found guilty Wednesday of fraud and market manipulation in a case focused on the fund's 2021 implosion that cost major banks billions of dollars.

International Business Times

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

The founder of Archegos Capital Management has been convicted of securities fraud in a scheme that prosecutors say cost global investment banks billions of dollars

The Independent UK

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Bathroom breaks were banned by Archegos boss accused of fraud, who allegedly 'yelled' at staff for stepping away while key stocks were moving

The trial of Sung Kook “Bill” Hwang, boss at Archegos Capital Management, heard former staffer William Tomita claim Hwang banned bathroom breaks during key trades.

Fortune

Bill Hwang Trial Commences For Billion Archegos Collapse

The trial of Bill Hwang, founder of Archegos Capital Management, delves into the billion collapse of Archegos in 2021 and its implications for the fina...

Top News

Archegos Founder To Go On Trial For Fraud, Market Manipulation

The family-owned hedge fund run by Hwang had taken huge bets on a few stocks with money borrowed from banks, and when several of those bets turned sour, the fund was unable to meet "margin calls" to cover the losses.

International Business Times

Bill Hwang's Trial Commences For Archegos Fund Collapse

Trial of Bill Hwang, founder of Archegos fund, for alleged fraud and fund collapse exposes risks in hedge fund industry.

Top News

Goldman, Morgan Stanley To Face Lawsuit Over Archegos Collapse

Investors sue Goldman Sachs and Morgan Stanley over Archegos collapse, raising concerns about risk management in family office sector.

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Archegos Founder Hwang Seeks Sanctions Over Prosecutors' Data Failure

Archegos founder Hwang calls out prosecutors in ongoing fraud case, seeking sanctions over their 'grave failure' in mishandling crucial data.

Top News

Credit Suisse failure follows years of scandal and mistrust—with an Ohio mattress company playing a role

“We’ve watched the bank lurch from scandal to scandal for so long that it’s hard to recall all of them at this point.”

Fortune

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Bangkok Post

Credit Suisse posts biggest loss since 2008

GENEVA: Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023, sending its shares tumbling.

Tribune News Service

Hwang seeks dismissal of charges for ‘deceitful’ US conduct

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.

Al Jazeera

Why Credit Suisse is battling rumours of a Lehman-style crash

Swiss bank’s plummeting share price has invited comparisons to the onset of the 2008 global financial crisis.

Tribune News Service

The men who flipped on Bill Hwang were trusted lieutenants

Not long ago he was playing polo on the Connecticut Gold Coast — a dashing young Wall Streeter charging hard for a winning shot.

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Businessweek

Wall Street Isn’t Ready for the Crackdown Coming Its Way

Federal investigations into questionable trading practices are on the rise—and the fate of Bill Hwang and his firm, Archegos, may await others in the finance industry.

Benzinga

All The Stocks Bill Hwang's Archegos Capital Is Accused Of Manipulating

From March 2020 through its collapse in March 2021, Archegos Capital Management, headed by Sung Kook (Bill) Hwang and partners, entered into a manipulative scheme that increased Archego’s bottom line from around $4 billion to $36 billion, according to a SEC lawsui

Axios

Archegos founder Bill Hwang indicted on fraud charges

It could be one of the most high-profile white-collar prosecutions in recent memory.

The Independent UK

Wall Street investor Hwang, once worth billions, arrested

The owner of a New York-based hedge fund that collapsed when it defaulted on margin calls has been arrested on charges alleging he defrauded leading global investment banks and brokerages

Benzinga

Archegos Founder Bill Hwang Hit With Fraud Charges: What You Need To Know

The U.S. Securities and Exchange Commission has charged Archegos Capital Management founder Sung Kook "Bill" Hwang and Chief Financial Officer Patrick Halligan with 11 criminal counts in connection to the multibillion-dollar implosion of their hedge fund.

The Guardian - US

Archegos founder and CFO charged with fraud after early-morning US raid

Bill Hwang and Patrick Halligan accused of 11 criminal counts in case likely to trigger one of biggest recent Wall Street prosecutions

Financial Times

Archegos quietly built stake in Deutsche Bank

Germany’s biggest bank was also among the lenders to the family office whose collapse left rivals with $10bn in losses

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