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Archegos founder Hwang charged with securities fraud
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Archegos Capital Management founder Bill Hwang and chief financial officer Patrick Halligan have been indicted on charges of securities fraud, wire fraud and racketeering, federal prosecutors in Manhattan said on 27 April.
Prosecutors alleged the men took part in interrelated schemes to unlawfully manipulate the prices of publicly traded securities in Archegos’s portfolio and to defraud leading global investment banks and brokerages.
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