US Judge Told Archegos Founder Can't Afford What Defense Says Is 'Unjustified' $10 Billion Restitution

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Criminal Law | News

US Judge Told Archegos Founder Can't Afford What Defense Says Is 'Unjustified' $10 Billion Restitution

By Emily Saul

Prosecutors have asked U.S. District Judge Alvin Hellerstein to sentence Archegos Capital Management founder Sung Kook "Bill" Hwang to 21 years behind bars and forfeit $10 billion. But his lawyers say he's only worth $55 million now. Read More

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If the firm waited any longer for a merger, it may have been vulnerable to the same fate that other New York-founded firms outside the Am Law 50 have seen. Read More

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SEC Chair Gary Gensler to Resign on Trump's Inauguration Day

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