Bill Hwang’s Lawyers Suggest No Prison Time in Archegos Case

Attorneys cite Hwang’s age, health and lifetime of good works
Prosecutors expected to seek significant time behind bars

Bill Hwang exits federal court in New York on July 10. Photographer: Yuki Iwamura/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Chris Dolmetsch and Robert Burnson

November 9, 2024 at 3:42 AM UTC

Updated on

November 9, 2024 at 6:08 AM UTC

This article is for subscribers only.

Bill Hwang should get no prison time for his role in the 2021 collapse of Archegos Capital Management, his lawyers said in a court filing.

Hwang, 60, will be sentenced Nov. 20 for fraud, market manipulation and racketeering conspiracy. He was convicted in July following a two-month trial that captivated Wall Street. He faces a maximum of 20 years in prison on each count.