Archegos Owner, Charged With Manipulating ViacomCBS and Discovery Stock Prices, Pleads Not Guilty to Fraud Allegations
THR, Esq. 2022-04-27
Summary:
Archegos founder Bill Hwang pleaded not guilty Wednesday to racketeering and fraud charges related to the collapse of his private equity firm that was allegedly behind a massive market manipulation scheme that jeopardized the entire financial system. He was released on $100 million bail. In an indictment filed in the Southern District of New York, […]