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Bill Hwang lied about his market exposure to the brokers who sold him the equity swaps. It was just garden variety fraud with no ponzi adjacent behavior at all.
by quickthrowman 4y ago
Bill Hwang lied about his market exposure to the brokers who sold him the equity swaps. It was just garden variety fraud with no ponzi adjacent behavior at all.
- Kstarek 4y agoHe actually didn't lie lol, they knew they just didn't care as he was a very profitable customer