US Department Of Justice: Four Charged In Connection With Multibillion-Dollar Collapse Of Archegos Capital Management - Sung Kook (Bill) Hwang – The Founder And Head Of Archegos – And Three Others Charged With Racketeering And Fraud Offenses Related To Market Manipulation Scheme
<p><span>An indictment was unsealed today charging Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos, and Patrick Halligan, Archegos’s Chief Financial Officer, with racketeering conspiracy, securities fraud, and wire fraud offenses in connection with interrelated schemes to unlawfully manipulate the prices of publicly traded securities in Archegos’s portfolio and to defraud many leading global investment banks and brokerages. Deputy Attorney General Lisa O. Monaco, U.S. Attorney Damian Williams for the Southern District ...
Source: mondovisione.com