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Archegos Founder Bill Hwang Found Guilty in Fraud and Racketeering Case Involving ViacomCBS Stock
Investor Bill Hwang was found guilty Wednesday of fraud and rackeetering charges related to his trading activity around ViacomCBS shares in 2021.
Maverick investor Bill Hwang was found guilty Wednesday by a Manhattan federal jury of fraud and racketeering charges in a market manipulation case involving ViacomCBS shares and other stocks. Hwang was accused of lying to banks and taking other steps to hide his trades and swaps bought on borrowed money to inflate the value of the public companies and his Archegos Capital Management investment fund. “Moments ago, a unanimous jury found Sung Kook ‘Bill’ Hwang and Patrick Halligan guilty of a massive market manipulation scheme via the private investment firm Archegos.
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