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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: October 26, 2022

Written by FinCrimeOctober 26, 2022

Bill Hwang, Archegos demand end to SEC lawsuit over $36 bln firm’s collapse

Reported by: Jonathan Stempel Bill Hwang, whose Archegos Capital Management LP collapsed suddenly in March 2021, on Tuesday urged a federal judge to dismiss a U.S. Securities and Exchange Commission civil lawsuit accusing him and his once-$36 billion private investment firm of fraud. In court filings, Hwang and Archegos said the SEC failed to show […]

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