Legal

Archegos’ Bill Hwang Convicted of Fraud, Market Manipulation

Former CFO Patrick Halligan is also found guilty of fraud
Jury delivers verdict after deliberating for day and a half

WATCH: Bill Hwang was found guilty of criminal charges stemming from his firm’s 2021 collapse. He’ll be sentenced in October. Vonnie Quinn reports.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Chris Dolmetsch, Bob Van Voris, and Ava Benny-Morrison

July 10, 2024 at 8:35 PM UTC

Updated on

July 10, 2024 at 10:58 PM UTC

This article is for subscribers only.

Archegos Capital Management founder Bill Hwang was found guilty of criminal charges stemming from his firm’s 2021 collapse, concluding a two-month trial that captivated Wall Street.

The jury delivered verdicts against Hwang and his co-defendant, former Archegos chief financial officer Patrick Halligan, Wednesday in Manhattan federal court. The panel began deliberating just the day before.