Archegos founder jailed for 18 years for massive fraud: US media

Archegos founder jailed for 18 years for massive fraud: US media …C0NTINUE READING HERE >>>

In July, a jury in New York convicted South Korean-born Hwang on 10 of the 11 charges he faced.
Photo: ANGELA WEISS / AFP
Source: AFP

The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund’s 2021 implosion, US media reported.

In July, a jury in New York convicted South Korean-born Hwang on 10 of the 11 charges he faced and for which he could have been sentenced to spend the rest of his…

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