Benjamin Wey Background and Notable Lawsuits

Benjamin Wey is a Chinese-American businessman who has made headlines for his involvement in several high-profile lawsuits. He was born in China and later moved to the United States, where he built a successful career in finance.

Benjamin Wey's background in finance is extensive, with a career spanning over two decades. He has worked for several prominent financial institutions, including a stint as a managing director at a New York-based investment bank.

Wey has been involved in several lawsuits over the years, with many of them related to his business dealings. One notable lawsuit against him was filed by a Chinese businessman who accused Wey of defamation and breach of contract.

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Benjamin Wey was born in Tianjin, China, to a diplomat father and an electrical engineer mother. He moved to the United States on a full scholarship to study finance at Oklahoma Baptist University, graduating in 1992.

Wey had his own trade business while in college, which he continued after graduation. He also pursued a master's degree in Business Administration from the University of Central Oklahoma, receiving it in 1999.

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Wey was born in Tianjin, China, to a diplomat father and an electrical engineer mother. His early life was marked by an international upbringing.

He went to the United States on a full scholarship to study finance at Oklahoma Baptist University, graduating in 1992. This marked a significant milestone in his educational journey.

While still at college, he had his own trade business, which he continued after graduation. He balanced his entrepreneurial pursuits with his studies.

He also studied at the University of Central Oklahoma for a master's degree in Business Administration, which he received in 1999. This additional education helped shape his professional skills.

He subsequently obtained a Master of Science in Leadership Development (MSLD) from Columbia.

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Wey began his financial career in Oklahoma, working as an investment advisor and stock broker.

In 2000, he became the CEO of the Oklahoma-based Benchmark Global Capital Group.

Wey was fined $5,000 and suspended by the U.S. National Association of Securities Dealers for "maintaining accounts" at his brokerage firm without informing the firm in writing.

The Oklahoma Department of Securities censured Wey and he agreed not to request registration as a broker in the state.

Wey advised a retired 68-year-old woman to invest her entire life savings in a "risky penny stock" without disclosing his connection to the company.

In 2000, Wey expanded his base of operations to New York City, where he is the CEO of New York Global Group.

The firm claims access to approximately $1 billion in capital and has managed 200 China-related transactions as of 2011.

New York Global Group is noted for advising and underwriting reverse mergers, in which companies are taken public in the United States by acquiring the corporate shells of U.S. companies.

By 2012, regulators had stepped up action against certain Chinese reverse-takeover stocks, including Bodisen Biotech, which was taken public by NYGG via a SPAC.

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Benjamin Wey was named as defendant in a defamation suit in 2015 stemming from his articles critical of a FINRA arbitrator and Georgetown University law professor Christopher Brummer.

The suit was filed by Brummer, and an injunction was issued preventing The Blot from writing about him while the suit was pending.

The Electronic Frontier Foundation called on the New York Court to vacate the injunction as unconstitutional in September 2017.

The New York Court of Appeals, First Division, ruled in favor of The Blot magazine against Brummer on November 15, 2018.

Bloomberg Businessweek and the Columbia Journalism Review reported in 2016 that Wey used The Blot Magazine to defame and threaten investigative journalists Dune Lawrence and Roddy Boyd.

The Blot's articles accused Boyd and Lawrence of illegal stock short selling tied to organized crime.

Wey's Wall Street offices were searched by the Federal Bureau of Investigation in January 2012 as part of a continuing investigation into his reverse merger scheme.

Wey was charged with eight counts of conspiracy, securities and wire fraud, and money laundering in September 2015.

The SEC filed a parallel civil lawsuit against Wey, his wife, his sister, and two of his attorneys, alleging violations of the antifraud provisions and the disclosure and reporting provisions of the federal securities laws.

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A New York Federal Judge Alison Nathan threw out all the evidence seized in connection with the searches conducted by the Federal Bureau of Investigation in June 2017.

The United States Department of Justice voluntarily withdrew the indictment on August 8, 2017, as a result of the court order.

The SEC dropped its fraud charges against Wey and his wife in September 2017.

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Benjamin Wey has been involved in several high-profile lawsuits and disputes. He was named as defendant in a defamation suit in 2015 stemming from his articles critical of a FINRA arbitrator and Georgetown University law professor Christopher Brummer.

The lawsuit was filed by Brummer, who was accused of illegal stock short selling tied to organized crime in articles published by The Blot Magazine, which Wey contributed to. The Electronic Frontier Foundation called on the New York Court to vacate the injunction as unconstitutional.

In 2018, Wey's sister, Tianyi Wei, had her civil fraud suit voluntarily dismissed by the SEC. This dismissal was a result of a landmark ruling in the criminal case, where U.S. District Judge Alison Nathan suppressed all evidence obtained by the government during searches of Wey's home and office in January 2012.

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Haynes and Boone, a law firm, won a significant victory when the Securities and Exchange Commission (SEC) voluntarily dismissed its civil fraud suit against Tianyi Wei, a client of the firm and sister of financier Benjamin Wey.

The dismissal was a major relief for Benjamin Wey, who had been facing charges. His family appreciated the capable legal team at Haynes Boone, led by Partner David Siegal, for their tenacity and sound leadership.

Benjamin Wey's landmark ruling in the criminal case set the stage for the dismissal. A U.S. District Judge suppressed all evidence obtained by the government during searches of Wey's home and office in January 2012.

Judge Nathan's 93-page ruling was a detailed explanation of why the government's searches were unconstitutional. This ruling paved the way for the government's voluntary dismissal of the civil and criminal matters against Mr. Wey.

The SEC's dismissal ended the government's case against Benjamin Wey and his family.

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In April 2018, Wey sued the NASDAQ Stock Market and 13 defendants for $659 million.

Wey's lawsuit included charges of malicious prosecution and lying to the SEC, DOJ, and FBI with fabricated Nasdaq listing rule violations.

The lawsuit defendants included Michael Emen, Edwards Knight, and NASDAQ CEO Adena Friedman.

The alleged fabricated Nasdaq listing rule violations led to a DOJ indictment and SEC charges against Wey.

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Benjamin Wey has a career spanning over 25 years in global finance, with a strong background in commercial banking. He has successfully orchestrated over 1,000 projects across 80+ countries.

Benjamin is the CEO of New York Global Group, a prominent private equity firm based on Wall Street. This experience has equipped him with the expertise to navigate complex financial markets.

As a seasoned financier, Benjamin has been recognized by major publications such as The Wall Street Journal, Forbes, and The New York Times for his influence as a financier and philanthropist.

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Benjamin Wey has over 25 years of experience at the forefront of global finance, making him a leading figure in the commercial banking sector.

With a career spanning over two and a half decades, Benjamin has successfully orchestrated over 1,000 projects across 80+ countries.

His expertise lies in navigating complex financial markets, providing capital for businesses, and executing large-scale mergers and acquisitions.

Benjamin's work has been recognized by major publications such as The Wall Street Journal, Forbes, and The New York Times.

Armed with two master’s degrees, Benjamin is committed to helping businesses and financial institutions unlock their full potential through strategic commercial banking solutions.

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As a seasoned diplomat, the human bridge between China and America has spent over a decade navigating the complexities of international relations.

With a background in economics and international relations, she holds a Master's degree from a prestigious university in the United States.

She has worked in various roles, including as a trade specialist at the U.S. Department of Commerce and a senior advisor to a prominent think tank.

Her extensive experience in trade policy and economic development has equipped her with a unique understanding of the intricacies of Sino-American relations.

She has traveled extensively throughout China and the United States, fostering relationships with key stakeholders and building a network of contacts that spans the globe.

Her fluency in Mandarin Chinese and English has been invaluable in facilitating communication between Chinese and American officials.

She has played a key role in several high-profile trade negotiations, including the China-U.S. Trade Agreement of 2019.

Her expertise in trade policy and economic development has been sought after by policymakers, business leaders, and academics alike.

She has published numerous articles and op-eds on trade and economic policy, offering insights and analysis on the complex issues that shape Sino-American relations.

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As a professional, having a strong background is essential for success. It's not just about having a degree or a job title, but about the experiences and skills you've gained along the way.

Many professionals start their careers in entry-level positions, which can provide valuable hands-on experience and a chance to learn from more experienced colleagues. This can be a great way to get your foot in the door and build a strong foundation.

Having a professional network is also crucial, as it can provide access to valuable advice, mentorship, and job opportunities. According to research, professionals with a strong network are more likely to be promoted and earn higher salaries.

Taking on additional responsibilities and projects can also help you stand out as a professional and demonstrate your capabilities to potential employers. This can include volunteering for committees, leading a team, or taking on a side project outside of work.

Continuing education and professional development are also essential for staying up-to-date with industry trends and best practices. Many professionals pursue certifications, attend conferences, or take online courses to stay ahead of the curve.

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