as seen on April 27, 2022 5:54 pm

Archegos Founder Arrested on Billions-Dollar Fraud Charges

Lies and fraud led to billions in Wall Street losses, leading prosecutors to file criminal charges against investment titan Bill Hwang. Feds say the scheme was so sophisticated that some of the biggest banks were duped out of billions, but many everyday stockholders were hurt the most. NBC New York’s Jonathan Dienst reports.

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