Benjamin Wey— Reverse-Merger Fraud Scheme
Benjamin 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.