Investigators with the New York office of the Federal Bureau of Investigation raided the offices of Benjamin Wey’s New York Global Group yesterday, seizing documents and conducting interviews with employees.

According to one NYGG official, Wey’s Manhattan apartment was also raided. As of now, no charges have been filed and it was not clear what NYGG transactions were of interest to the FBI. Attempts to contact NYGG and Wey were unsuccessful; a man answering the phone at the firm’s 40 Wall Street offices refused to give his name and would only reply, when questioned about the raid, “No one is here right now.” Follow up calls were not answered. Jason Marshall, an official at Wey’s longtime publicists, said Wey and NYGG are no longer clients.

The raid was in many ways surprising in that legal repercussions from the collapse of the China reverse-merger boom had been minimal, save for some occasional de-listing activity from exchanges.

Wey is the self-appointed poster-child of Chinese reverse merger promoters and has been no stranger to the readers of The Financial Investigator, arranging any number of Chinese transactions that have collapsed under dubious circumstances.

Moreover, Wey had just helped his most recent transaction, CleanTech Innovations, launch a lawsuit against NASDAQ stock market, “For racism and discrimination” over the self-regulated exchange’s decision to delist the then-recently listed company, purportedly for the role Wey played within the company.

Comments

5 Responses to “The FBI Pay Benjamin Wey A Visit”

  1. Matthew Robertson on January 27th, 2012 12:59 am
  2. Dave Short on January 27th, 2012 12:58 pm

    Nice update. The plot thickens. Will be interesting to see what comes up in the next couple weeks / months. Will run a link from my site to yours.

  3. FBI Searches Offices N Home Benjamin Wey Chinese RTO Player on January 27th, 2012 7:10 pm

    [...] Original Article By Wall Street Journal Link To The Financial Investigator Filed Under: Quick Updates Follow Us! [...]

  4. Aaron on February 19th, 2012 3:19 am

    ATTENTION ALL PRIVATE EQUITY FIRMS:
    If you have not done so, about now would be the right time to reach out to this author with a job offer. Yep, um, right about now.

  5. Old Man on February 24th, 2012 7:40 pm

    It has been a month since the FBI got after Ben Wey and we haven’t heard one word . No denial, no nothing. Does anyone else wonder why ?