Loading...
Market
Which bank reports highest losses from Archegos by end of 2024?
3
Resolution / Starting Odds
Credit Suisse • 25%
Nomura • 25%
Morgan Stanley • 25%
Other • 25%
Financial reports and news articles
Story
Archegos Founder Bill Hwang Gets 18 Years for Fraud, Market Manipulation
Nov 20, 2024, 08:18 PM
Bill Hwang, the founder of Archegos Capital Management, was sentenced to 18 years in prison for fraud, market manipulation, and racketeering conspiracy. This sentence follows the collapse of his $36 billion family office in 2021, which led to losses exceeding $10 billion for Wall Street banks. Hwang was found guilty on July 10 of orchestrating a massive market deception, defrauding banks, and manipulating stock prices. His actions resulted in significant financial losses for investors and banks, marking a dramatic fall from grace for the once billionaire investor. Prosecutors had recommended a 21-year sentence ahead of his sentencing next week.
View original story
Similar markets
Credit Suisse • 25%
Nomura • 25%
Morgan Stanley • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Civil lawsuits • 25%
Criminal charges against others • 25%
No further actions • 25%
Regulatory penalties • 25%
Yes • 50%
No • 50%
Increased transparency requirements • 25%
Stricter leverage limits • 25%
Enhanced risk management protocols • 25%
Other • 25%
Less than $2 billion • 25%
$2 billion to $5 billion • 25%
$5 billion to $8 billion • 25%
More than $8 billion • 25%
Hiro • 25%
Paxos • 25%
Stacks • 25%
Ethereum 2.0 • 25%
Soichiro Sato • 25%
Former TSE employee • 25%
Judge's father • 25%
None face severe penalties • 25%
No financial penalty • 25%
Less than $100 million • 25%
$100 million to $500 million • 25%
More than $500 million • 25%
Company A • 25%
Company B • 25%
Company C • 25%
Company D • 25%
Meta • 25%
Berkshire Hathaway • 25%
Taiwan Semiconductor Manufacturing Company • 25%
Tesla • 25%