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Archegos founder Hwang released on bail after arrest on fraud, racketeering charges ...Middle East
Archegos Capital Management founder Bill Hwang on Wednesday was released on bail after pleading not guilty to U.S. criminal charges over the meltdown of his New York private investment firm, which left global banks with $10 billion in losses. Archegos, which had $36 billion in assets, collapsed last year when it was caught short on highly leveraged trades.
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