Ex-Archegos CFO Sentenced to 8 Years for Fraudulent Scheme in Landmark Case

Patrick Halligan, the former chief financial officer of Archegos Capital Management, has been handed an 8-year prison sentence following conviction on charges including racketeering conspiracy, securities fraud, and wire fraud. This sentence comes after an agreement between Halligan’s attorneys and prosecutors from the U.S. Attorney’s Office for the Southern District of New York, who concurred on the appropriateness of the duration of the imprisonment. Details of the case highlight the serious nature of the charges that have dominated Halligan’s legal proceedings since July. More information can be found in the New York Law Journal.