Bill Hwang, once a billionaire investor, is now facing an 18-year prison sentence for his involvement in the Archegos scandal.
The collapse of his investment firm, Archegos Capital Management, resulted in over $10 billion in losses for major Wall Street banks.
Hwang was convicted on serious charges, including fraud and market manipulation, for his risky and deceptive financial practices.
This case serves as a significant warning about the dangers of reckless financial behavior and the severe consequences that follow.
