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Archegos founder Bill Hwang hit with criminal charges

Archegos Bill Hwang

Hwang and CFO Patrick Halligan were arrested early Wednesday and charged with fraud.

Archegos Capital Management founder Bill Hwang and Chief Financial Officer Patrick Halligan were arrested and charged with fraud in the latest fallout from the spectacular collapse of the family office.

Federal prosecutors said Hwang used Archegos as an “instrument of market manipulation and fr

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