"Bill Hwang, founder of Archegos Capital, is facing charges stemming from its bankruptcy in 2021. Hwang denied charges of fraud and market manipulation, but was found guilty on 10 of 11 charges. 😱👨‍⚖️ Hwang has a large amount of shares without owning shares "Archegos' market position was allegedly as high as $160 billion at one point 📉💸 This caused over $10 billion in losses to trading partners such as Credit Suisse, Morgan Stanley and Nomura."