Archegos’ Bill Hwang

  • Archegos’ Bill Hwang Sentenced to 18 Years in Prison for Massive US Fraud

    Former billionaire investor Sung Kook “Bill” Hwang received an 18-year prison sentence on Wednesday for the collapse of Archegos Capital Management, which caused more than $10 billion in losses for Wall Street banks. U.S. District Judge Alvin Hellerstein handed down the sentence in Manhattan after a jury convicted Hwang in July on 10 criminal charges,…