Archegos Capital Management was a limited partnership family office that managed the personal assets of Bill Hwang, at one time managing over $36 billion in assets. On April 27, 2022, Hwang was indicted and arrested on federal charges of fraud and racketeering.
Archegos founder sentenced to 18 years in prison
Hwang was found guilty of fraud in a case that cost Wall Street banks billions of dollars in losses.
BBC News