Michael M. Santiago/Getty Images News Bill Hwang, founder of Archegos Capital Management, has been convicted of fraud and market manipulation that led to the hedge fund managing over $36B in assets at its peak, before its collapse in 2021. The verdict followed an eight-week trial, with the jury finding HwangContinue Reading
Kiyoshi Tanno Boeing (NYSE:BA) is in talks with the U.S. Department of Defense about ways to keep its government contracts after the aviation company agreed to plead guilty to a criminal charge resulting from two fatal crashes of its 737 Max plane, Reuters and Bloomberg News reported Monday, citing peopleContinue Reading
bpperry/iStock Editorial via Getty Images The U.S. Department of Justice is urging Boeing (NYSE:BA) to plead guilty to a criminal charge after finding the aviation giant violated a settlement over fatal 737 MAX crashes in 2018 and 2019 that killed 346 people, Reuters reported Sunday, citing two people familiar withContinue Reading
DNY59 The former chairman and chief executive of publicly traded healthcare company Ontrak (NASDAQ:OTRK) on Friday was found guilty of a multimillion-dollar insider trading scheme. A federal jury in Los Angeles convicted Terren Scott Peizer of one count of securities fraud and two counts of insider trading. It was theContinue Reading
