He Lost $36 Billion in a Week. Now Bill Hwang Is Fighting to Avoid Prison
Posted: May 01, 2024
- Bill Hwang, founder of Archegos, lost $36 billion in a week - Hwang is heading to trial to avoid prison after causing the downfall of Credit Suisse - Hwang claims a dream inspired him to commission an artist to bring his vision to life - The incident highlights the risky nature of trading and the potential repercussions for individuals and companies.
Summarized top reddit comments: - Bill Hwang lost billions in a week - He still has considerable wealth and a successful foundation - He has a history of getting away unscathed from similar trouble - He took risky bets with borrowed money which backfired - Some see him as a legend or inspiration, others as a loser
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