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2min chapter
Weekend Law: Archegos Founder Convicted & the Politics of SCOTUS
Bloomberg Law
Intro
The chapter covers the case of Archegos founder Bill Huang being convicted of fraud in market manipulation, which resulted in the collapse of his family office and caused investment banks to lose over $10 billion. Manhattan U.S. Attorney Damien Williams revealed that Huang fraudulently obtained billions from banks to falsely inflate stock values in his portfolio.
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