Bill Hwang Faces Trial Over Alleged $36 Billion Archegos Market Manipulation
The trial scrutinizes the catastrophic collapse of Archegos Capital, potentially reshaping Wall Street regulations.
- Jury selection begins for Bill Hwang and Patrick Halligan, charged with orchestrating a massive stock manipulation scheme.
- Prosecutors allege the duo used derivatives to inflate stock prices, misleading banks and causing over $100 billion in shareholder losses.
- Archegos' implosion in 2021 led to significant financial fallout, impacting major banks and the broader market.
- Defense argues against the novel market manipulation charges, suggesting the transactions were lawful open market activities.
- The outcome of this high-profile trial could influence future regulatory measures for family office funds.
Denver Gazette 
Benzinga 