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Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud

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Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud

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Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion.

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