July 10, 2024 at 11:10PM
Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges. The charges have the potential to see him sent to prison for up to 20 years.
Hwang’s misdeeds are estimated to have cost banks around US$10bn. So, if the sentencing judge is a retail FX trader Hwang will probably get off with a warning 😉
Getting on with the post ….
Reuters have a summary take up with a list of famous Wall Street folks sent to prison:
FTX founder Sam Bankman-Fried
Jordan Belfort
Benie Madoff
and more.
Link is here.
This article was written by Eamonn Sheridan at www.forexlive.com.
Bill Hwang joins the list of famous Wall Street figures who have been sentenced to prison