Legal
Bill Hwang Judge Considers Reducing 18-Year Prison Sentence
- Lawyer argues term too harsh for 60-year-old Archegos founder
- Unusual request comes after conviction over firm’s collapse
This article is for subscribers only.
Bill Hwang’s 18-year prison sentence could be reduced to 11 1/2 years after his lawyer argued the punishment was too harsh for the 60-year old Archegos Capital Management founder.
At a hearing in Manhattan on Thursday — one day after US District Judge Alvin Hellerstein issued the sentence — Hwang’s lawyer Barry Berke urged the judge to let his client serve 6 1/2 of the 18 years in home confinement instead of behind bars. The judge said he would consider the request.