FBI Raids PE Firm Tied To China Reverse Mergers

Law360, New York (January 27, 2012, 1:54 PM EST) -- Federal agents have raided the Wall Street offices of corporate finance and private equity firm New York Global Group Inc., which specializes in Chinese reverse mergers on U.S. stock exchanges, and also searched the home of company President Benjamin Wey, the FBI said Friday.

A spokesman with the FBI's New York office confirmed the Wednesday raids to Law360 on Friday, saying they are part of an “ongoing investigation” into New York Global Group, whose president has sung the praises of reverse mergers coming from China for...
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