 I'm Neil Cavuto, and this is the Fox Business Report. Bill Wang, the founder of Archegos Capital Management, a hedge fund that collapsed in 2021, has been convicted of securities fraud in a scheme that wiped out $100 billion in market valuations. He'll be sentenced at a later date, potentially to decades in prison. Wall Street, Nasdaq, and the S&P 500 with their seventh straight record closes. Nasdaq up 218 points. The S&P 500 gained 57 and burst through the 5,600 mark.