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The sentencing for Archegos founder's fraud crime has been postponed to November 20, facing a maximum of 20 years in prison.
USA Judge announced on Tuesday that the sentencing of Archegos Capital Management founder Bill Hwang for fraud will be postponed from the end of this month to November 20. Hwang and former Archegos CFO Patrick Halligan were originally scheduled to be sentenced on October 28 by US District Judge Alvin Hellerstein, but their lawyers requested more time to prepare their arguments. The prosecution did not oppose this request. The defense lawyers initially requested the sentencing date to be moved to the first week of December, and the judge on Tuesday scheduled their sentencing dates separately to be
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