Hacker News new | past | comments | ask | show | jobs | submit login

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.



He actually didn't lie lol, they knew they just didn't care as he was a very profitable customer




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: