Bill Hwang was found guilty of 10 counts of securities fraud, wire fraud, conspiracy, racketeering, and market manipulation.
He is infamous for losing $20B in 10 days, which triggered the collapse of investment bank Credit Suisse.
Not many talked about this verdict but it’s a big deal!
https://www.nytimes.com/2024/07/10/business/archegos-bill-hwang-guilty.html