Legal
Hwang’s Top Trader Says He Was Told to Do Opposite of ‘Normal’
- Tomita testifies against ex-boss in market manipulation trial
- He had more direct contact with Hwang than other key witness
Bill Hwang at federal court in New York, US.
Photographer: Alex Kent/BloombergThis article is for subscribers only.
Bill Hwang’s top trader at Archegos Capital Management gave damning testimony against the boss, telling a jury Hwang told him to do “the opposite” of what a “normal fund” would.
William Tomita took the stand Monday for what’s expected to be several days of testimony as the prosecution’s star witnesses in a criminal case against Hwang over the spectacular implosion of Archegos in 2021.