Archegos founder and CFO charged with fraud after early-morning US raid

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Archegos founder and CFO charged with fraud after early-morning US raid
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Bill Hwang and Patrick Halligan accused of 11 criminal counts in case likely to trigger one of biggest recent Wall Street prosecutions

US prosecutors charged the founder and chief financial officer of collapsed investor Archegos Capital Management with fraud on Wednesday morning in a move that is likely to start one of the biggest Wall Street white-collar prosecutions in years.

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