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Top related persons:
Sung Kook - 1 Bill - 1 Hwang - 1 Patrick Halligan - 1 Halligan - 1 Prosecutors - 1 Andrew Thomas - 1 Barry Berke - 1
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Manhattan New York City U.S of New York
Top related orgs:
Archegos Capital Management - 1 Prosecutors - 1 U.S . Justice Department - 1 U.S - 1 Attorney's - 1 Southern - 1 of - 1 Credit Suisse - 1

Search resuls for: "William Tomita"


2 mentions found


☆ Archegos founder Bill Hwang convicted at criminal trial over fund's collapse
  + stars: | 2024-07-10 | by ( ) www.cnbc.com   time to read: +4 min
Sung Kook (Bill) Hwang, the founder and head of the private investment firm Archegos, arrives at the Manhattan Federal Courthouse in New York City, U.S., July 9, 2024. The jury, which began deliberations on Tuesday, found Hwang guilty on 10 of 11 criminal counts and Patrick Halligan, his Archegos deputy and co-defendant, guilty on all three counts he faced. Hwang and Halligan sat flanked by their lawyers as the verdict was read by a soft-spoken foreperson. Hwang, 60, had pleaded not guilty to one count of racketeering conspiracy, three counts of fraud and seven counts of market manipulation. At its peak, prosecutors said Archegos had $36 billion in assets and $160 billion of exposure to equities.
Persons: Sung Kook, Bill, Hwang, Patrick Halligan, Halligan, Prosecutors, Andrew Thomas, Barry Berke, William Tomita, Scott Becker, Archegos Organizations: Archegos Capital Management, Prosecutors, U.S . Justice Department, U.S, Attorney's, Southern, of, Credit Suisse, UBS, Nomura Holdings Locations: Manhattan, New York City, U.S, of New York
☆ Bill Hwang, Archegos demand end to SEC lawsuit over $36 bln firm's collapse
  + stars: | 2022-10-25 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
In court filings, Hwang and Archegos said the SEC failed to show how the New York-based firm traded deceptively or how its swaps trades, which they called "lawful," affected prices. "The SEC declares unlawful a number of practices that have long been accepted as entirely legitimate and commonplace in the market," Hwang said. Archegos imploded when it failed to meet margin calls after being caught short on trades through so-called total return swaps. Hwang and former Archegos Chief Financial Officer Patrick Halligan have pleaded not guilty to Department of Justice fraud and racketeering conspiracy charges over the collapse. The case is SEC v Hwang et al, U.S. District Court, Southern District of New York, No.
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