Bill Hwang, the investor behind the collapse of Archegos Capital Management leading to $10 billion in losses for Wall Street banks, has been found guilty on multiple charges by a federal court in Manhattan. The two-month trial included testimonies from 21 witnesses, with former Archegos employees playing a key role. Hwang, the man behind the giant family office trading like a hedge fund, was charged with securities fraud, wire fraud, conspiracy, racketeering, and market manipulation. The jury convicted him on 10 counts and acquitted him on one of the market manipulation charges. Facing the possibility of spending the rest of his life in federal prison, the guilty verdict serves as a cautionary tale of the consequences of financial misconduct at such a high level.