The collapse of Archegos Capital Management in 2021 is set to be scrutinized in court as founder Bill Hwang anticipates a criminal trial over the next couple of months. Prosecutors are focused on achieving a conviction, accusing Hwang of market manipulation, racketeering and fraud.
Hwang is being charged with tricking some of the most significant Wall Street firms into overvaluing the holdings of Archegos, suggesting a worth as high as $160 billion shortly before the family office collapsed.
Jury selection for the trial is set to begin this week. Legal professionals and those with a keen interest in high-profile financial cases can find a detailed recap of the case
here.
The case of Archegos provides an in-depth examination into the length and breadth of white-collar crime and its impact on the world of finance and corporate law.