Securities Fraud Case Against Financier Benjamin Wey Is Dismissed<br />Soon after the request was made, Judge Alison J. Nathan of the Federal District Court in Manhattan signed the order<br />Prosecutors sought the dismissal just a few months before Mr. Wey was scheduled to go on trial on charges<br />that he orchestrated a stock-manipulation scheme that generated tens of millions in illegal profits.<br />Last week, federal prosecutors in Manhattan said in a filing<br />that they were awaiting word from the Office of the United States Solicitor General for approval to appeal Judge Nathan’s sweeping suppression order.<br />Federal prosecutors have dismissed securities fraud charges against the New York financier<br />Benjamin Wey after a judge tossed out much of the evidence against him in June.<br />The move to dismiss was not surprising after Judge Nathan, in an earlier 92-page ruling, had found<br />that federal law enforcement officials had botched a daylong search of Mr. Wey’s office and home in Lower Manhattan by indiscriminately seizing items under a poorly drafted search warrant.<br />“The government made the correct decision to drop charges in light of the significant constitutional violations described<br />by Judge Nathan in her ruling,” said David Siegal, a lawyer for Mr. Wey and a partner with Haynes & Boone.
