According to the complaint, once Archegos would approach 5% position in a stock, Bill Hwang would allegedly require any additional exposure be limited to total return swap to avoid any public disclosures
Between March 2020 and March 2021 Archegos’s capital increased from $1.5B to $35B 
The central aim of Bill Hwang/ Archegos was to control the price and artificially increase the value of securities in Archegos portfolio, according to the charges these securities included the following stocks:
$BIDU $GSX $VIAC $IQ $DISCA $FTCH $TME $VIPS
According to charges, Hwang and others working at Archegos would routinely buy/sell more than 10-15% of a stock’s daily trading volume knowing this would influence the price.
$DISCA $VIAC $GSX $TME
“No. It is a sign of me buying” -
A text from Bill Hwang to an analyst $VIAC
A text from Bill Hwang to an analyst $VIAC
This is not Bill Hwang’s first rodeo
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