Find Your Daily Voice
Ridgefield Park-Hasbrouck Heights
Little Ferry Moonachie
Serving Ridgefield Park, Hasbrouck Heights, Little Ferry, and Moonachie
Wednesday, dec 18
44°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Events
Traffic
Real Estate
Tags
Jobs
Shop
Support Us
Ridgefield Park-Hasbrouck Heights
Little Ferry Moonachie
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Events
Traffic
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
44°
Wednesday, dec 18
Tag:
Sung Kook Hwang
News
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond
A Bergen County businessman was arrested by federal agents on charges of orchestrating a massive market manipulation scheme that caused one of the biggest Wall Street trading collapses in history. Sung Kook “Bill” Hwang put the entire financial system at risk by conspiring with his former chief financial officer to boost profits for his Archegos Capital Management by lying to banks to inflate the stock prices of publicly traded companies, federal prosecutors said on Wednesday, April 27. The fraud scheme ballooned Hwang’s personal fortune from $1.5 billion to more than $35 billion in a singl…