Archegos Capital's CFO Sentenced to Eight Years in Prison for Massive Fraud

In a significant sentencing decision, the former Chief Financial Officer of Archegos Capital Management, William H. Ng, has been sentenced to eight years in prison for his role in a high-stakes fraud scheme that defrauded several major banks. Ng's actions contributed to the spectacular collapse of the hedge fund in March 2021, which resulted in staggering financial losses for major financial institutions.

Continue reading