The Federal District Public Prosecutor's Office in New York, USA, established an investment company on the 27th, saying that it was lying and collecting funds due to the problem that financial institutions in Japan and Europe and the United States suffered large losses over transactions with American investment companies. It has been revealed that former executives have been charged with fraud and other charges.
The indicted were Bill Huang, who founded the American investment company Archegos Capital Management, and four former executives of the company.
According to the Federal District Prosecutor's Office in New York, Huang and his colleagues have been accused of securities fraud and other charges, including lying to a major financial institution and collecting and managing huge amounts of money.
In March of last year, the investment company was not able to respond to the request from the financial institution to pay additional margin due to poor investment performance.
As a result, financial institutions around the world, such as Credit Suisse, Morgan Stanley in the United States, and Nomura Holdings in Japan, have lost a large amount of money amounting to 1 trillion yen, and the Federal Bureau of Investigation in New York has made an FBI. = We were proceeding with the investigation together with the Federal Bureau of Investigation.
At a press conference in New York, the Deputy Chief Cabinet Secretary of the U.S. Department of Justice said, "We have endangered innocent investors and financial institutions around the world. I will go, "he said, revealing his thoughts on how to prevent recurrence.