Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud [Yahoo! Finance Canada]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance Canada
Bill Hwang was told the length of the prison term in Manhattan federal court after he told Judge Alvin K. Hellerstein that he felt “really terrible for what happened at Archegos,” alluding to the fund's demise over three years ago. The judge did not complete the sentencing hearing, though, and said it will resume on Thursday. But he said he had “pronounced” the length of the prison term he is imposing. Hellerstein estimated that up to nine financial institutions lost over $9 billion in the fraud. At Hwang's July trial, prosecutors blamed Hwang and his co-conspirators, saying they artificially inflated the values of nearly a dozen stocks before the investments collapsed in March 2021, wiping out $100 billion in market value along with the company he created. Hwang was convicted in July of 10 criminal counts, But he was acquitted of one charge of market manipulation while being convicted of six others. Prosecutors said Hwang lied to banks to get billions of dollars to grow hi
Show less
Read more
Impact Snapshot
Event Time:
PARAA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PARAA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PARAA alerts
High impacting Paramount Global - Class A news events
Weekly update
A roundup of the hottest topics
PARAA
News
- Connie Nielsen on returning to "Gladiator" after 24 years: "I was nervous" [CBS News]CBS News
- Archegos' Bill Hwang sentenced to 18 years in prison for massive U.S. fraud [MSNBC.com]MSNBC.com
- Archegos founder Bill Hwang sentenced to 18 years for fraud that cost global investment banks billions [Fortune]Fortune
- Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud [MSNBC.com]MSNBC.com
- Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud [Yahoo! Finance Canada]Yahoo! Finance Canada
PARAA
Earnings
- 11/8/24 - Beat
PARAA
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 8-K
- 11/12/24 - Form 144
- PARAA's page on the SEC website