Federal prosecutors said Hwang used Archegos as an “instrument of market manipulation and fraud.”
Instead of suggesting affordable repayment plans, Navient allegedly steered borrowers to costly forbearance.
The suit comes as U.S. policymakers seek to increase surveillance of Americans' financial accounts.
The 80-year-old money manager “displayed a rapacious appetite for plundered artifacts," a district attorney said.
Frustrated investors are unlikely to have much luck in court.
Prosecutors allege that the former White House chief strategist defrauded hundreds of thousands of donors.
BlackRock's deal to manage Covid-19 relief assets won't confer many financial advantages to the firm.
The review has already turned up several red flags in the data.
But Governor Cuomo requested that residents continue to socially distance and abide by his stay-at-home order.
The key will be the continuation of social distancing, Gov. Andrew Cuomo said.
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