Bill Hwang Judge Considers Reducing 18-Year Prison Sentence (2)

Bill Hwang’s 18-year prison sentence could be reduced to 11 1/2 years after his lawyer argued the punishment was too harsh for the 60-year old Archegos Capital Management founder.

At a hearing in Manhattan on Thursday — one day after US District Judge Alvin Hellerstein issued the sentence — Hwang’s lawyer Barry Berke urged the judge to let his client serve 6 1/2 of the 18 years in home confinement instead of behind bars. The judge said he would consider the request.

Hwang was found guilty in July of orchestrating a scheme to mislead his bank counterparties into providing ...