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  1. 5 days ago · (Bloomberg) -- After seven weeks of testimony, the jury in Bill Hwangs market manipulation trial found the Archegos Capital Management chief guilty on Wednesday, in a federal case that...

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  3. 5 days ago · The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities and market manipulation fraud in a scheme that prosecutors said cost global...

  4. 5 days ago · Halligan was found guilty on all three counts that he faced — securities and wire fraud and racketeering conspiracy.

  5. 6 days ago · Halligan was the chief financial officer at Archegos. They now face maximum sentences of 20 years in prison on each charge for which they were convicted, though any sentence would likely be much lower and would be imposed by the judge based on a range of factors.

  6. 5 days ago · A Manhattan federal jury on Wednesday convicted Sung Kook “Bill” Hwang, founder of Archegos Capital Management, on 10 of the 11 charges he faced, including fraud. Co-defendant Patrick Halligan, Archegos’s CFO, was convicted on all three counts he faced, including fraud and racketeering.

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  8. 5 days ago · Prosecutors said Hwang and Halligan lied to banks in order to obtain billions of dollars that they used to artificially pump up the stock prices of multiple publicly traded companies.