Archegos’ Bill Hwang seeks Trump pardon for fraud that cost banks US$10 billion

Archegos Capital Management founder Bill Hwang is seeking a presidential pardon for his conviction in a high-profile Wall Street fraud case over the collapse of his US$36 billion family office, which scorched banks and helped topple Credit Suisse Group AG. Hwang, who is free on bail while appealing against the verdict behind his 18-year sentence, submitted a pardon application to the US Justice Department last year, according to a notice on the DOJ’s website. In 2024, a jury found him guilty of...