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Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse of his investment firm wiped billions of dollars off ...
Hwang was found guilty of 10 out 11 counts of fraud and racketeering related to his stock trading activity. In 2020 and 2021, he stealthily amassed …
NEW YORK (Reuters) -Sung Kook "Bill" Hwang arrived in court Wednesday for the start of his criminal racketeering trial over the collapse of Archegos Capital Management, facing charges that he and ...
Defaulted on margin calls. Headquarters. New York City, New York [1] Archegos Capital Management was a limited partnership [1] family office that managed the personal assets of Bill Hwang, [2][3] at one time managing over $36 billion in assets. [4] On April 27, 2022, Hwang was indicted and arrested on federal charges of fraud and racketeering. [5]
Bill Hwang. Sung Kook Hwang[1] (Korean: 황성국), also known as Bill Hwang, [2] is a Korean-born American investor, trader and convicted fraudster. [3][4] He ran Archegos Capital Management, whose default on March 26, 2021 caused major losses to several notable investment banks. In April 2021, The Wall Street Journal reported that Hwang had ...
Bill Hwang: Inactive 2013–2021 Argonaut Capital David Gerstenhaber Active 1993–1997, 2000–Present Bamboo Capital Quinn Riordan & Paul Spieldenner Inactive 1999–2004 Banyan Fund Management RJ McCreary & Sri Wijegoonaratna Inactive 1997-2004 Blue Ridge Capital: John Griffin Inactive 1996–2017 Bluestem Asset Management Michael Bills Active
According to the U.S. Attorney's Office for the Southern District of New York, which brought the case, Hwang's positions eclipsed those of the companies' largest investors, driving up stock prices.
PhillipCapital. PhillipCapital is an investment and wealth management firm, [1][2] founded in 1975. [3] It offers a wide range of products and services to individuals and institutional clients. It is headquartered in Singapore and operates in 15 countries including the financial hubs of Chicago, London, Tokyo, Hong Kong and Singapore. [3]