The fraud trial involving prominent financier Bill Hwang, founder of Archegos Capital Management, originally set for Feb. 27, has been postponed for over two months. Now, the trial will take place on May 6. However, details surrounding the reasons for the delay have not been made available.
Hwang is at the helm of one of the biggest scandals in the financial industry in recent years. Archegos Capital Management, a family office run by Hwang, imploded in March 2021, leading to billions in losses for global banks.
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