Learn English: Bill Hwang's Big Mistake (easy)

17 hours, 48 minutes ago

Bill Hwang's Big Mistake

Bill Hwang, a rich businessman, made a very big mistake with his company, Archegos.

His actions caused many banks to lose a lot of money, more than ten billion dollars!

He was found guilty of cheating and breaking the rules of fair trading.

Because of this, a judge decided that he must go to jail for eighteen long years.

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Source

Original: The Guardian (Business)

Tags

#Bill Hwang #Archegos Capital Management #Financial Fraud #White Collar Crime #Market Manipulation

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