Benjamin Wey— Reverse-Merger Fraud Scheme

Cleveland stockbroker fraud lawyerBenjamin Wey Allegedly Brought Chinese Companies to U.S. Markets, Engaging in a Reverse-Merger Fraud Scheme

Benjamin Wey allegedly brought Chinese companies to U.S. markets and purportedly engaged in a reverse-merger fraud scheme, according to Documents from a case in U.S. District Court, Southern District of New York (Manhattan) currently under review by attorneys Joe Peiffer and Alan Rosca.

Wey, aided in the scheme by a broker in Switzerland, Seref Dogan Erbek, allegedly used family members to help him clandestinely amass ownership of large blocks of stock in companies he took public and then manipulate the price of their shares, said Documents note.

The Peiffer Rosca Wolf securities lawyers are currently investigating Benjamin Wey’s alleged participation in a reverse-merger fraud scheme.

Benjamin Wey, Recently Forced to Pay $5.65 Million in a Separate Sexual Harassment Case, Charged with Securities Fraud, Wire fraud, Conspiracy and Money Laundering

Benjamin Wey has been charged with securities fraud, wire fraud, conspiracy and money laundering, according to an eight-count indictment unsealed in Manhattan federal court currently being examined by attorneys Joe Peiffer and Alan Rosca.

Benjamin Wey, the founder of New York Global Group, was also recently found liable in an unrelated lawsuit claiming he sexually harassed a Swedish intern, Hanna Bouveng, which awarded her $5.65 million, according to a report from a Manhattan jury.

Wey, from 2007 to 2011, allegedly used relatives in China and the U.S. to help him secretly gain control of large blocks of stock in companies he took public through reverse mergers with U.S. shell companies, purportedly making tens of millions of dollars by manipulating the companies’ stock prices, according to the court charges.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of participation in reverse-merger fraud schemes, and are currently investigating Benjamin Wey’s alleged participation in reverse-merger fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Benjamin Wey’s alleged participation in reverse-merger fraud scheme are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.