Patrick Boyle On Finance cover image

Bill Hwang arrested on fraud charges!

Patrick Boyle On Finance

CHAPTER

The Art of the Covet Pandemic

Arkigos is accused of lying about the size of their portfolio. They claimed that they had large, liquid technology stalks like amazon and google in their top ten positions. U b s who lost 861 million dollars from the debacl ended up raising arcigos trading limits by around two billion dollars. Bill wang is accused of trying to manipulate these sto up as high as they could go - but what was his plan? Was there a point where he was supposed to run away with the money, leaving the banks holding the bag?

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