Investment Firm Head charged for Multibillion-Dollar fraud
Sung Kook “Bill” Hwang, the founder of Archegos Capital Management, was arrested on fraud charges on Wednesday morning, roughly a year after the investment firm’s stunning meltdown sent shockwaves across Wall Street. Prosecutors have charged Hwang and Patrick Halligan, the firm’s chief financial officer, with racketeering conspiracy, securities fraud, and wire fraud as part of … Read more