'Stalker' Wall Street CEO Arrested Over Securities Fraud

Law360, New York (September 10, 2015, 11:31 AM EDT) -- Private equity CEO Benjamin Wey, who recently was found liable for harassing and defaming an intern at his New York Global Group concern, was arrested for allegedly manipulating shares tied to China-based "reverse merger" transactions, federal prosecutors said Thursday.

Benjamin Wey, right, has been charged with offenses including conspiracy, securities fraud and wire fraud. (Credit: AP) Wey, 43, was charged with offenses including conspiracy, securities fraud and wire fraud, along with a Geneva, Switzerland-based banker named Seref Dogan Erbek, 53, who remains at large, Manhattan U.S. Attorney Preet Bharara said.

"Wey used reverse merger transactions between Chinese companies and U.S. shell...

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