NEW YORK, Nov. 20 (Xinhua) -- South Korean-born American and former billionaire investor Bill Hwang could face a long stay in prison after he is sentenced on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than 10 billion U.S. dollars.
Hwang will be sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation.
