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<p><span>The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Southern District of New York against&nbsp;</span><span>Archegos Capital Management, LP</span><span>&nbsp;(Archegos) and its Chief Financial Officer,&nbsp;</span><span>Patrick Halligan,&nbsp;</span><span>of Syosset, New York, charging them with fraud.</span></p>

It’s not often that the world’s biggest banks are portrayed as victims. But that is what happened when Archegos founder Bill Hwang and his chief financial officer were arrested yesterday.

<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&rsquo;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&rsquo;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 ...

April 27 (Reuters) - Archegos Capital Management founder Bill Hwang on Wednesday was released on bail after pleading not guilty to U.S. criminal charges over the meltdown of his New York private investment firm, which left global banks with $10 billion in losses. Archegos, which had $36 billion in assets,...

The family-owned hedge fund run by Hwang had taken huge bets on a few stocks with money borrowed from banks.