The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund’s 2021 implosion, US media reported.
In July, a jury in New York convicted South Korean-born Hwang on 10 of the 11 charges he faced and for which he could have been sentenced to spend the rest of his life in prison.
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