Michael M. Santiago
Bill Hwang was sentenced to 18 years in prison over the abrupt collapse of his family office, Archegos Capital Management.
Sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, Hwang was convicted in July of 10 criminal counts, from securities fraud to racketeering. His unlawful actions led to about $10B of losses on Wall Street.
This is a developing story. Check back for updates.
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