Bill Hwang Sentenced to 18 Years in Prison in Archegos Case (1)

Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a case that riveted Wall Street.

Hwang, 60, was sentenced Wednesday by US District Judge Alvin Hellerstein in New York. The prison term was slightly lower than the 21 years prosecutors had sought. Hwang’s lawyers had initially asked that he be given no prison time at all.

“The amount of losses that were caused by your conduct are larger than any amount of losses ...