From riches to ruin: Bill Hwang’s 18-year sentence for Archegos disaster
Thursday, 21 November 2024 ()
Sung Kook “Bill” Hwang, once a prominent figure in the financial world, received an 18-year prison sentence on Wednesday for his role in the spectacular collapse of Archegos Capital Management. The implosion sent shockwaves through Wall Street, leaving major banks reeling from over $10 billion in losses. US District Judge Alvin Hellerstein in Manhattan delivered […]
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