Bill Hwang, Founder of Archegos Capital, Sentenced to 18 Years in Prison for Fraud

In a landmark ruling that has captured the financial world’s attention, Bill Hwang, the founder of the once-meteoric investment firm Archegos Capital Management, has been sentenced to an extensive 18 years in prison. This sentence follows Hwang's conviction on multiple charges of fraud and conspiracy, which were tied to the massive financial collapse of his firm in early 2021.

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