Healthcare Apr 27, 2022 08:05 PM (GMT+8) · EqualOcean
Bill Hwang, founder of archegos capital management, and his chief financial officer were arrested on Wednesday morning. He is expected to appear in federal court in Manhattan later Wednesday. Federal authorities said Bill Hwang's use of "archegos" as a "tool for market manipulation and fraud" caused billions of dollars in losses to banks, financial market investors and the company's employees.

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