Tag: Patrick Halligan

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

Court Cases tamir - January 28, 2025

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

Court Cases Charlene Lensburg - November 21, 2024

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.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.