Bill Hwang's Fraud Trial Nears Conclusion After Archegos Collapse

Prosecutors accuse Hwang of manipulating stock prices and deceiving banks, leading to massive financial losses.

The trial, which began in May, involves Hwang and his deputy Patrick Halligan, both pleading not guilty.
Prosecutors claim Hwang's actions caused over $100 billion in shareholder losses and $10 billion in bank losses.
Hwang's defense argues that aggressive but legal trading methods were criminalized due to the banks' financial losses.
Key testimonies from former Archegos insiders allege deceptive practices and manipulation of stock prices.
If convicted, Hwang and Halligan face up to 20 years in prison on each charge, though sentences are likely to be lower.