For many years, Bill Hwang was a high flying donor for Ravi Zacharias’ ministry. He also was someone who Zacharias put in front of his audiences even though Zacharias knew Hwang had a checkered past. Now some more of those chickens may be coming home to roost. Watch:
U.S. authorities charged Archegos Capital Management owner Bill Hwang with racketeering, fraud and market manipulation as regulators said their manipulation of stock prices cost banks billions of dollars https://t.co/3mG3SZfF4m pic.twitter.com/y7yPs7MqW0
— Reuters (@Reuters) April 27, 2022
As I pointed out in 2017, Hwang’s first SEC rodeo cost him 44-million and the loss of his ability to trade securities for five years. Apparently, he found a way to do it and do it massively.