Archegos Founder Invoice Hwang and CFO Charged With Securities Fraud

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Archegos Capital Administration founder Invoice Hwang and chief monetary officer Patrick Halligan have been indicted on fees of securities fraud, wire fraud and racketeering, federal prosecutors in Manhattan stated Wednesday.

Prosecutors alleged the lads took half in interrelated schemes to unlawfully manipulate the costs of shares and to defraud main international funding banks and brokerages.

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