Original link: Archegos founder Bill Hwang found guilty in multibillion-dollar fraud trial / CNN.
Shareholders lost 100 B$ and banks lost 10 B$ when Archegos went under.
Now the founder and leader of the company Bill Hwang is found guilty of fraud - fraudulent overestimating values of assets to banks.
Sentencing will follow later. The max pusnishment is 10 counts of 20 years each, but usually convicted get way less than maximum.