Archegos founder Bill Hwang hit with criminal charges by U.S. authorities
Archegos founder Bill Hwang hit with criminal charges by U.S. authorities
Archegos Capital Management founder Bill Hwang and his chief financial officer were charged with federal criminal violations resulting from the firm’s $5.5 billion collapse last year after the market turned against its positions.
Archegos Capital Management创始人比尔·黄(Bill Hwang)和他的首席财务官被控违反联邦刑事规定，原因是该公司去年因市场对其头寸不利而以55亿美元倒闭。
Federal authorities said Hwang used Archegos as an 「instrument of market manipulation and fraud,」 causing billions of dollars in losses for banks, financial market investors and its own employees.
联邦当局说，Hwang利用Archegos作为“操纵市场和欺诈的工具”，给银行、金融市场投资者和自己的员工造成了数十亿美元的损失。
The alleged fraud is claimed to have artificially inflated Archegos’s portfolio from $1.5 billion to $35 billion in one year, according to a statement from Manhattan U.S. Attorney Damian Williams.
根据曼哈顿联邦检察官达米安·威廉姆斯的一份声明，被指控的欺诈被声称在一年内人为地将Archegos的投资组合从15亿美元夸大到350亿美元。