Bill Hwang Sentenced to 18 Years in Prison in $36B Family Office Case

What You Need To Know

• His conviction for fraud and market manipulation was tied to collapse of Archegos Capital Management.
• He was found guilty of orchestrating a scheme to mislead his bank counterparties into providing Archegos with billions of dollars in trading capacity that inflated the value of his portfolio.
• Archegos fell into a fatal spiral after a March 2021 selloff in Viacom shares prompted billions of dollars in margin calls.