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Fate. Defaulted on margin calls. Headquarters. New York City, New York [1] Archegos Capital Management was a limited partnership family office that managed the personal assets of Bill Hwang, [2] [3] at one time managing over $36 billion in assets. [4] On April 27, 2022, Hwang was indicted and arrested on federal charges of fraud and racketeering.
Apr 27, 2022 · Washington D.C., April 27, 2022 —. The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses.
Apr 8, 2021 · The sudden implosion of Hwang’s Archegos Capital Management in late March is one of the most spectacular failures in modern financial history: No individual has lost so much money so quickly....
May 7, 2024 · Long story short, Archegos Capital Management built up huge bets that blew up in quasi-apocalyptic fashion, wiping out more than $100 billion in market value in the span of a few days.
7 hours ago · As Archegos Capital Management cratered in March 2021, it began trying to pull excess cash from trading accounts across Wall Street. At the time, it had about $470 million with Goldman Sachs Group ...
Apr 27, 2022 · Press Release. Four Charged in Connection with Multibillion-Dollar Collapse of Archegos Capital Management. Wednesday, April 27, 2022. For Immediate Release. Office of Public Affairs. Sung Kook (Bill) Hwang – the Founder and Head of Archegos – and Three Others Charged with Racketeering and Fraud Offenses Related to Market Manipulation Scheme.
Apr 27, 2022 · April 27, 2022 / 12:53 PM EDT / AP. The owner of a New York-based hedge fund that collapsed when it defaulted on margin calls was arrested Wednesday on charges alleging he defrauded leading global...
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