Bill Hwang’s Bid to Reduce 18-Year Prison Term Is Rejected (1)

A federal judge confirmed an 18-year prison sentence for Archegos Capital Management founder Bill Hwang, rejecting arguments that he should be allowed to spend a third of that time in the comfort of his own home.

At a hearing Thursday in New York, US District Judge Alvin Hellerstein said Hwang’s request to adjust his sentence to 11 1/2 years in prison, followed by 6 1/2 years in home confinement was ultimately impractical.

Hellerstein sentenced Hwang, 60, on Nov. 20 but expressed openness to reconsidering that the following day. Hwang’s lawyer had argued that a change was warranted due to ...