Patrick Halligan, former chief financial officer of Archegos Capital Management, right, and Mary Mulligan, attorney for Patrick Halligan, exit federal court in New York, US, on Wednesday, July 10, 2024. Photo: Yuki Iwamura/BloombergEx-Archegos CFO Gets 8-Year Prison Sentence for Fraud Scheme
Attorneys for Patrick Halligan and prosecutors from the U.S. Attorney’s Office for the Southern District of New York had agreed that an 8-year sentence was appropriate for Halligan, who was convicted on racketeering conspiracy, securities and wire fraud in July.
January 28, 2025 at 06:24 PM
2 minute read
U.S. District Judge Alvin K. Hellerstein on Monday sentenced the chief financial officer of Archegos Capital Management to 8 years in prison for his role in the $36 billion firm’s 2021 collapse.
Attorneys for Patrick Halligan and prosecutors from the U.S. Attorney’s Office for the Southern District of New York had agreed that an 8-year sentence was appropriate for Halligan, who was convicted on racketeering conspiracy, securities and wire fraud in July.
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