SEC Alert! SEC Charges Archegos and its Founder with Massive Market Manipulation Scheme Multiple Archegos Executives Charged with Misleading Counterparties
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The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The SEC also charged Archegosโs Chief Financial Officer, Patrick Halligan; head trader, William Tomita;