Former billionaire investor Sung Kook ‘Bill’ Hwang sentenced to 18 years
Nov 20, 2024
Jury had convicted Hwang on criminal charges over Archegos collapse, which cost Wall Street more than $10bnFormer billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn.Hwang was sentenced by US district judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation. Continue reading...