Archegos Risk Head Lied to Wall Street. Now He’s a Star Witness

Jurors at Bill Hwang’s fraud and market manipulation trial have already heard witnesses say that Archegos Capital Management lied to its Wall Street counterparties. This week they will hear from one of the main liars.

Scott Becker, Archegos’ former chief risk officer, is expected to take the stand as early as Monday as one of the prosecution’s star witnesses. He was a key Archegos contact for the banks, and the jury has been played recorded conversations in which he reassures them Hwang’s family office is fine, even as it’s collapsing.

Bill Hwang, center, arrives at court in New York on May 13.

Photographer: Victor J. Blue/Bloomberg

Becker, 40, has already pleaded guilty and ...