Archegos' Bill Hwang arrested - report

  • Bill Hwang and his CFO arrested and indicted, according to a New York Times reporter
Hwang

Last year, Bill Hwang's family office imploded in one of the most-dramatic declines of personal wealth in history. He lost nearly $10 billion.

Now he's in danger of losing even more.

The New York Times reports that Hwang and his CFO were charged with crimes including racketeering conspiracy in connection with a scheme to manipulate the company’s stock prices. Both were arrested in their homes.

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