Reported 8 months ago
Former Archegos head trader, William Tomita's testimony in the trial of Archegos Capital Management founder, Bill Hwang, has significantly challenged Hwang's defense. Tomita provided detailed accounts of Hwang's trading strategies and management style, portraying him as a micromanager who orchestrated trades to manipulate stock prices. Tomita's testimony, backed up by written communications, highlighted Hwang's control over trades and interactions with banks. This testimony raises the stakes for Hwang's defense team and may make it challenging for them to secure an acquittal.
Source: YAHOO