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創始人比爾·黃(Bill Hwang)和他的首席財務官被控違反聯邦刑事規定，原因是該公司去年因市場對其頭寸不利而以55億美元倒閉。
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.
聯邦當局説，Hwang利用Archegos作為“操縱市場和欺詐的工具”，給銀行、金融市場投資者和自己的員工造成了數十億美元的損失。
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.
根據曼哈頓聯邦檢察官達米安·威廉姆斯的一份聲明，被指控的欺詐被聲稱在一年內人為地將Archegos的投資組合從15億美元誇大到350億美元。