Bill Hwang, the founder of Archegos Capital Management, has been sentenced to 18 years in prison for fraud and market manipulation related to the collapse of his $36 billion family office in 2021.
This case has garnered significant attention on Wall Street, shedding light on the risks associated with high-stakes investment strategies and the consequences of financial misconduct.
Prosecutors had requested a 21-year sentence, while Hwang's legal team argued against any prison time.