Bill Hwang Trial’s Big Moments: Tears, Mad Dash, Goldman Money

After seven weeks of testimony, the jury in Bill Hwang’s market manipulation trial found the Archegos Capital Management chief guilty on Wednesday, in a federal case that challenged the notion of normal on Wall Street.

The 12 jurors in lower Manhattan heard from a cavalcade of bank insiders who relived the infamous March 2021 meltdown that wiped out Hwang’s $36 billion fortune. The bankers described how Archegos lied to its trading counterparties — including Morgan Stanley, Goldman Sachs Group Inc. and UBS Group AG — about the concentration and risk of its investments, and how the most sophisticated ...