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Bill Hwang’s hedge fund was ’a house of cards’ based on lies, prosecutors say as trial beginsA prosecutor portrayed Bill Hwang, the founder of Archegos Capital Management, as a greedy man hoping to become a Wall Street legend while his lawyer said he was an honest investor fearless about ...
Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn.
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