Brian Chappatta And Katherine Burton Bloomberg

A year after the collapse of Archegos sent shock waves through global finance, Bill Hwang was arrested Wednesday morning and, for the first time, federal prosecutors offered an official account of what really happened at the secretive family office.

A year after the collapse of Archegos sent shock waves through global finance, Bill Hwang was arrested Wednesday morning and, for the first time, federal prosecutors offered an official account of what really happened at the secretive family office.