Archegos founder Bill Hwang heads to trial over collapse of $36bn fund

Sung Kook Bill' Hwang charged with racketeering conspiracy, fraud and market manipulation for alleged stock scheme in 2021

Sung Kook Bill" Hwang arrived in court on Wednesday for the start of his criminal racketeering trial over the collapse of Archegos Capital Management, facing charges that he and a deputy broke the law in a stock scheme that unraveled in just days in 2021.

Hwang appeared in a dark suit and purple tie in the Manhattan federal courtroom for the first day of screening potential jurors.