Archegos’ Bill Hwang seeks Trump pardon for fraud that cost banks US$10 billion

South China Morning PostEN 1 min read 100% complete by BloombergJanuary 21, 2026 at 07:08 PM

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Bill Hwang, founder of Archegos Capital Management, is seeking a presidential pardon after being convicted of fraud and market manipulation in 2024. The conviction stems from the collapse of his family office in March 2021, which resulted in approximately US$10 billion in losses for banks, including Credit Suisse. Hwang, currently free on bail while appealing his 18-year sentence, submitted a pardon application to the US Justice Department last year. Prosecutors accused him of deceiving lenders to inflate stock prices, leading to the firm's implosion. It is unclear if Hwang has sought additional avenues for a pardon outside of the Justice Department process.

Key Entities & Roles

Key Player Opposition Context

March 2021 ×230% New York 35% White House 45% United States Justice Department ×265% Credit Suisse Group AG 70% Donald Trump 75% Archegos Capital Management 85% Bill Hwang ×495%

Keywords

presidential pardon 100% bill hwang 90% fraud 80% archegos capital management 70% market manipulation 60% credit suisse 50% wall street 50% us justice department 40%

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Negative

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South China Morning Post

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90%

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presidential pardon bill hwang fraud archegos capital management market manipulation credit suisse wall street us justice department

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