In June, Morelli Law Firm made headlines around the world for winning a
massive $18m verdict against Wall Street CEO Benjamin Wey for sexually
harassing and then defaming his young Swedish employee, our client Hanna Bouveng.
This morning, the Department of Justice announced
via press release that Wey has been indicted following an FBI investigation that revealed
a slew of financial crimes made him tens of millions of dollars in illegal
profits. According to the
New York Daily News:
Wey, the New York Global Group CEO who was slammed with an $18 million verdict
for sexually harassing and then smearing a former employee, has been indicted on securities fraud, wire fraud, conspiracy and money laundering
charges for his role in an international stock manipulation scheme.
"Ben Wey fashioned himself a master of industry, but as alleged, he
was merely a master of manipulation," said Manhattan US Attorney
According to papers filed in Manhattan Federal Court, Wey teamed with family
members and employees to execute the complex - and lucrative - scheme.
"The indictment charges that Wey used reverse merger transactions
between Chinese companies and U.S. shell companies to illegally conceal
his ownership interest and then, with the help of his alleged co-conspirator,
manipulated the market so that he could sell his interest at artificially
inflated prices," Bharara said.
"As alleged, in making tens of millions in illicit profit, Wey refused
to let the securities laws or the rules of a fair marketplace get in the
way of his dishonest scheme."
Wey, who is expected to be arraigned Thursday afternoon, faces up to 25
years in prison if convicted. A lawyer for him could not immediately be reached.
Morelli Law Firm is honored to have represented Hanna, and we welcome the
opportunity to stand up for women who are harassed and treated unfairly
in the workplace. If you or someone you know is a victim of sexual harassment
or employment discrimination, please
To read the DOJ press release,
To read the indictment court documents,