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In a case that alluded to the investor’s faith, a federal jury convicted Bill Hwang of market manipulation and defrauding banks.
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His reporting was marked by a cheerful determination to uncover truth, which friends and coworkers attributed to his faith.
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Federal prosecutors are trying to prove that Bill Hwang committed massive market manipulation through his investment firm Archegos. His defense says he was trading like anyone else on Wall Street.
The abrupt departure of Alliance University and The King’s College leaves a hole in an influential city.
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Formerly Nyack College, the school was in bad financial shape for several years. The loss of accreditation earlier this week forced a reckoning.
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The school formerly known as Nyack College has had money troubles for years. But school leadership is optimistic with rising enrollment.
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The New York City school is beginning layoffs of staff and faculty. It was in a financial crisis and lost its accreditation.
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A former director of Bill Hwang’s investment firm, seeking millions in compensation, said Grace and Mercy was used as a financial “escape pod.”
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Bill Hwang is at the center of what white-collar crime experts see as Wall Street’s biggest indictment since Bernie Madoff.
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(UPDATED) The King’s College has selected Gregory Alan Thornbury as its new president.