A sharp-suited multimillionaire has been charged by US authorities with securities fraud over deals to list Chinese companies in New York that allegedly netted him tens of millions of US dollars in illegal profits.
Benjamin Wey, 43, the head of New York Global Group, was arrested on Thursday.
US Justice Department prosecutors charged Wey and his Swiss-based banker, Seref Dogan Erbek, with conspiracy, securities fraud and other crimes.