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Tag: Archegos Capital Management

Ex-Archegos CFO Sentenced: Patrick Halligan Gets 8 Years After Wall Street Catastrophe

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Patrick Halligan, the former CFO of Archegos Capital Management, has been sentenced to eight years in prison for his involvement in the firm’s catastrophic 2021 collapse, which inflicted over $10 billion in losses on Wall Street. Halligan's conviction follows that of Archegos founder Bill Hwang, who received an 18-year sentence in November. Both are appealing their convictions.

Archegos’ Collapse: Bill Hwang Sentenced to 18 Years for $10 Billion Fraud

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Sung Kook "Bill" Hwang, former billionaire and founder of Archegos Capital Management, received an 18-year prison sentence for orchestrating one of the largest financial debacles in U.S. history. The Archegos collapse wiped out $10 billion from Wall Street banks, with repercussions still echoing throughout the financial sector.

U.S. DOJ Seeks 21 Years for Archegos Founder Bill Hwang in $10B Fraud Scandal

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U.S. prosecutors demand a 21-year prison term for Bill Hwang, the disgraced founder of Archegos Capital Management, after his market manipulation scheme caused over $10 billion in losses and shook Wall Street. Prosecutors also asked that Hwang be subjected to a $12.35 billion forfeiture and to pay restitution to victims at his scheduled sentencing on Wednesday.

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