A billionaire Wall Street financier who notoriously lost tens of billions in a matter of days has returned to court for his blockbuster fraud trial. Sung Kook 'Bill' Hwang, 60, the founder of Archegos Capital Management, is alleged to have triggered over $100 billion in shareholder losses when his family office fund failed to meet margin calls in March 2021. He was, racketeering and conspiracy, as prosecutors claim he carried out a scheme to defraud investors by lying about his firm's portfolio, which at one point stood at over $100 billion.
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