The Big Take
A Blockbuster Wall Street Trial Begins
Bill Hwang’s family office, Archegos, lost $36 billion in one week in 2021. His fraud trial is underway. Hear more on the Big Take podcast.
Bill Hwang departs federal court in New York in April 2022.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
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Bill Hwang amassed a fortune of $36 billion on Wall Street through his family office, Archegos Capital Management. But over the course of one week in 2021, the firm imploded. Federal prosecutors have since charged Hwang with 11 criminal counts, including securities fraud, wire fraud and racketeering.