The trial of Bill Hwang over Archegos's collapse is ongoing, with former head trader William Tomita testifying. Tomita mentioned Hwang advising him to get a 'team player' lawyer. A former protégé of Hwang testified about manipulative trading directed by Hwang.
OK - now Friday in US v. Hwang of Archegos, cooperator Tomita *still* on the stand, testifying about Chinese stocks, cross by Hwang's' lawyer Berke. Inner City Press will live tweet, thread below https://t.co/KMup1NILZX
OK - now in US v. Hwang of Archegos, cooperator Tomita *still* on the stand, cross by Hwang's' lawyer Berke. Inner City Press will live tweet, thread below https://t.co/KMup1NILZX
A former protégé of Archegos founder Bill Hwang told New York federal jurors Tuesday that the hedge fund boss directed manipulative and improper trading, pushing back on insinuations by Hwang's counsel that the trades were above-board. https://t.co/iKIGg0lT0Y
This is quite a read. During cross examination former Archegos Head Trader William Tomita says after the family office collapsed Bill Hwang told him "to get a lawyer who was a team player" "Tomita says the other traders occasionally commented that all they were doing was… https://t.co/wk4R3R0Iaj https://t.co/z3ejAOboRb
Bill Hwang’s trial over Archegos's collapse is in its sixth week, with the firm’s former head trader William Tomita still on the stand. Follow our free live blog for the latest updates and analysis. https://t.co/BPG6i2yTMJ