Four charged in connection with multi-billion dollar collapse of Archegos Capital Management

Four charged in connection with multi-billion dollar collapse of Archegos Capital Management

An indictment was released today accusing Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos, and Patrick Halligan, Chief Financial Officer of Archegos, racketeering conspiracy, securities fraud and wire fraud offenses in connection with interrelated torts. schemes to illegally manipulate the prices of publicly traded securities in Archegos’…