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The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund’s 2021 implosion, US media reported. In July, a jury in New York convicted South Korean-born Hwang on 10 of the 11 charges he faced and for which he could have […]
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Archegos founder jailed for 18 years for massive fraud: US media
AFP
03:22
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund’s 2021 implosion, US media reported. In July, a jury in New York convicted South Korean-born Hwang on 10 of the 11 charges he faced and for which he could have
