Archegos founder Bill Hwang, formerly one of the wealthiest evangelical philanthropists, will spend 18 years in prison for business practices that led to more than $10 billion in losses to Wall Street banks in March 2021.
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A years-long Mississippi scandal ended up giving $77 million to $94 million in welfare funds to nonprofits, which doled out the money to friends and family members who weren’t qualified to receive it and who never delivered the work they were contracted to do.
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