Jul 8, 02:09 PM

Bill Hwang's Trial Nears Conclusion Over $36 Billion Archegos Collapse

The trial of Sung Kook 'Bill' Hwang, founder of Archegos Capital Management, is nearing its conclusion. Prosecutors argue that Hwang should be convicted for his role in the 2021 collapse of the $36 billion fund. The jury in Manhattan will hear closing arguments, with Assistant US Attorney Andrew Thomas stating that Hwang manipulated stocks and lied to banks. Hwang's defense claims his hedge fund trading was legal, despite prosecutors presenting what they call 'undeniable proof' of criminal activity.

#Archegos Capital Management #Hwang #Manhattan #Andrew Thomas

Written with ChatGPT (GPT-4o).

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Bloomberg@business
2 years ago
Archegos founder Bill Hwang’s lawyer made his final pitch to a jury poised to start deliberating his fate https://t.co/MMU0YOY7D0
Law360@Law360
2 years ago
Archegos founder Sung Kook "Bill" Hwang's disastrous hedge fund trading was legal, his lawyer argued in closing to a Manhattan federal jury Monday, after prosecutors claimed "undeniable proof" that Hwang and a co-defendant criminally distorted Wall Street. https://t.co/LDMH9P4KiP https://t.co/MD8oxtc8zm
Hammerstone Markets@HammerstoneMar3
2 years ago
US urges jury to convict Archegos’ Bill Hwang: ‘what happened here was fraud’ via @FT #FRAUD 100% https://t.co/Hq0eLFs5VA

Bill Hwang's Trial Nears Conclusion Over $36 Billion Archegos Collapse

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