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Archegos Founder Bill Hwang Arrested for Fraud in US

Byadmin April 27, 2022

Bill Hwang, founder of collapsed family office Archegos Capital Management, has been arrested by US authorities and charged with racketeering, fraud and market manipulation. The indictment released on Wednesday accuses Hwang, 58, and former chief financial officer Patrick Halligan, 45, of using archegos as an “instrument of market manipulation and fraud” with “considerable consequences for…

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