Bill Hwang sued by former Archegos employees alleging Christianity used to get interest free loans
In one of my previous videos we discussed how Bill Hwang shook up wall street with his overleveraged bets that took a turn for the worst. Now as one would expect with a comedown, the disenfranchised are coming back for a payday or what may rightfully be theirs.
Employees allege the christitanity and public ridicule were used as a tool to curb employee dissent and concern for the risky moves made by Archegos leadership. All in all, the suit against Hwang is a staggering $550 million but considering he just posted $100 million bail, he might just have it.
Now we’ll see what details come out from court and how this tale continues to unfold.
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