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Archegos Founder Bill Hwang Seeks Presidential Pardon

1/22/2026

24 2 Full Breakdown

Summary

Story summary

Bill Hwang, founder of Archegos Capital Management, seeks a presidential pardon for his 2024 conviction that caused over $10 billion in losses for Wall Street banks.
He was sentenced to 18 years in prison.
He filed a pardon request with the U.S. Department of Justice in 2025.
DOJ typically waits for appeals to conclude before acting on pardons.
U.S. President Donald Trump has granted pardons, often bypassing standard procedures.

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Story summary

Bill Hwang, founder of Archegos Capital Management, seeks a presidential pardon for his 2024 conviction that caused over $10 billion in losses for Wall Street banks.
He was sentenced to 18 years in prison.
He filed a pardon request with the U.S. Department of Justice in 2025.
DOJ typically waits for appeals to conclude before acting on pardons.
U.S. President Donald Trump has granted pardons, often bypassing standard procedures.