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Archegos Felon in Possession of a Family Office Blues by Matthew Russell Lee, April 30, 2022 He was felon in possession of a family office Archegos' use of swaps had gotten a bit too raucous 34 billion dollars later, they let him out on bail Unlike a luckless Bronx junkie not a single day in jail So who is it, making these big decisions Letting Hwang go and subjecting the junkie to derision? Then expecting applause and silence on disparity Putting the Bronxites in jail and throwing away the key? Credit Suisse and Nomura, they must have been in on it The underregulation of the family office has become somewhat chronic Congress talks but nothing done, the scam was used in One Coin Bill Hwang out in Tenafly eating a big sirloin Support https://www.patreon.com/MatthewRussellLeeStory: http://www.innercitypress.com/sdny2archegosicp042722.html After SDNY Indicts Hwang For Archegos $34B Fraud Freed For $5M Cash With Tri-State Travel By Matthew Russell Lee, Patreon Maxwell Book BBC-Guardian UK - Honduras - ESPN NY Mag SDNY COURTHOUSE, April 27 – In the wake of the Archegos meltdown, the other shoe dropped on April 27, when the US Attorney for the SDNY unsealed and indictment charging Bill Hwang Patrick Halligan, Archegos’s CFO with racketeering conspiracy, securities fraud, and wire fraud offenses. Inner City Press went to the SDNY press conference to ask, What about Credit Suisse and Nomura and people in those banks? What about the massive family office loophope to the Investment Advisors Act of 1940? This has come up in the OneCoin fraud case, on which the Office used perjured testimony and now agrees to delay after delay. Damian William referred obliquely to Hwang doing it in the dark, but otherwise the issue - which is addressed by a pending bill in Congress - did not come up. Nor did Lisa Monaco, present in New York for the presser, address it. Later, release: SUNG KOOK (BILL) HWANG The defendant will be released today upon his own signature to $100 million personal recognizance bond, to be secured by $5 million in cash and 2 properties, and co-signed by two financially responsible individuals, including his wife. The defendant agrees to attest that he lost his passport and his wife will surrender her passport. Travel will be restricted to the SDNY, EDNY, District of Connecticut, and District of New Jersey. Mr. Hwang will be released today on his signature, with remaining conditions to be met by May 6. Co-defendant PATRICK HALLIGAN The defendant will be released today upon (i) $1,000,000 personal recognizance bond; (ii) co-signed by two financially responsible persons, one of them being his wife; (iii) travel restricted to EDNY and SDNY; (iv) regular pre-trial supervision; and (v) surrender of passport (which has occurred). Meanwhile later - after re-up of book and talk to NYU Journalism School, here and here - in the SDNY Magistrate a defendant was detained until trial, charged as a felon in possession. We'll have more, much more, on this. *** @SDNYLIVE courthouse #CourtCastCast 200 Worth Street Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.
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