Federal Authorities Arrest Archegos Owner for Alleged Fraud

Fourth EstateBill Hwang is the founder of the now defunct family office Archegos - Twitter

Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, were arrested by federal agents after they were charged with crimes including racketeering conspiracy and securities fraud. Manhattan U.S. Attorney Damian Williams explained that Hwang and …

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EU Financial Regulators Warn Consumers Against Crypto-asset Investments

European Union financial regulators warned retail consumers against buying crypto-assets, saying many crypto-asset investments are highly risky and speculative. The European Supervisory Authorities (ESA) released a joint statement on Thursday on the possible risks of cypto-asset investments. ESA identified extreme …

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