Indicted CEO Calls FBI Search Illegal 'Fishing Expedition'

Law360, New York (May 31, 2016, 3:52 PM EDT) -- Private equity CEO Benjamin Wey has urged a Manhattan federal judge to toss the government’s indictment alleging securities fraud and money laundering, saying the charges hold no water, and to block evidence obtained from searches that Wey called “unconstitutional.”

The government was overbroad in its 2012 search of Wey’s home and Manhattan office and obtained the search warrants using misleading logic, the New York Global Group chief argued in a motion filed Friday. The Justice Department then waited almost four years to lodge its indictment, which, according to Wey, failed to allege any criminal behavior.

“In short, this was no good...

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