Sunday - December 22, 2024
N.Y. U.S. Attorney: Founder and Head of Archegos Capital Management Bill Hwang Sentenced to 18 Years in Prison for Orchestrating Massive Market Manipulation and Fraud Schemes
December 19, 2024
NEW YORK, Dec. 19 -- The office of the U.S. Attorney for the Southern District of New York issued the following news release:

Edward Y. Kim, the Acting United States Attorney for the Southern District of New York, announced today that SUNG KOOK (BILL) HWANG, the founder and head of a private investment firm known as Archegos, was sentenced by U.S. District Judge Alvin K. Hellerstein to 18 years in prison concurrently on each count charged for leading a criminal enterprise that manip . . .

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