Bill Hwang

Uncommon card · No. 121070

Sung Kook Hwang (Korean: 황성국; Hanja: 黃城國), also known as Bill Hwang, is an American investor, trader and convicted fraudster. He ran Archegos Capital Management, whose default on March 26, 2021 caused major losses to several notable investment banks. In April 2021, The Wall Street Journal reported that Hwang had lost US$20 billion over 10 days in late March, imposing large losses on his bankers Nomura and Credit Suisse, and contributing to the collapse of Credit Suisse. In July 2024, he was convicted on federal charges of fraud and racketeering, and in November 2024, he was sentenced to 18 years in prison. As of March 2026, he is free on bail while appealing his conviction.

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