Sung Kook "Bill" Hwang, founder of Archegos Capital Management, was found guilty of fraud and market manipulation charges by a Manhattan federal court jury. The 2021 collapse of his $36 billion investment firm resulted in $10 billion in bank losses and $100 billion in shareholder losses. Prosecutors accused Hwang of obtaining billions from banks through lies to artificially inflate stock prices. His deputy, Patrick Halligan, was also convicted. Prosecutors highlighted how Hwang's actions harmed U.S. financial markets and investors. Hwang's defense argued that his trading methods were legal. Hwang now faces up to 20 years in prison for each charge. The case exemplifies the commitment of the U.S. Justice Department to hold accountable those who distort financial markets. The trial's outcome will have significant implications for Wall Street and the regulation of financial markets.