Judge rejects evidence in case against Wall Street executive - ABC FOX Montana Local News, Weather, Sports KTMF | KWYB

Judge rejects evidence in case against Wall Street executive

Posted: Updated:

NEW YORK (AP) - A federal judge has tossed out evidence seized from the home and business of a Wall Street executive, saying the government "was grossly negligent" in its searches.
    
The ruling late Tuesday by Judge Alison Nathan was a blow to the government's criminal case against financier Benjamin Wey. The executive was arrested in 2015 on conspiracy, wire fraud and securities fraud charges.
    
The founder and president of New York Global Group, an investment consulting firm, has pleaded not guilty. His trial is scheduled for October.
    
Prosecutors say Wey made tens of millions of dollars by manipulating the stock prices of companies he gained a secret financial interest in.
    
In her ruling, Nathan said the government enforced "sweepingly broad" search warrants that were not properly supported.
    
A government spokeswoman declined comment.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

6/14/2017 5:15:16 PM (GMT -6:00)

  • StatewideMore>>

  • Avalanche danger HIGH in West Central Montana backcountry

    Avalanche danger HIGH in West Central Montana backcountry

    Friday, January 12 2018 10:00 AM EST2018-01-12 15:00:09 GMT

    According to a post on the Missoula Avalanche Facebook page, an avalanche warning is in effect for the West Central Montana backcountry and the current avalanche danger is HIGH.

    According to a post on the Missoula Avalanche Facebook page, an avalanche warning is in effect for the West Central Montana backcountry and the current avalanche danger is HIGH.

  • New developments in the Cascade County kidnapping case

    New developments in the Cascade County kidnapping case

    Friday, January 19 2018 11:54 AM EST2018-01-19 16:54:30 GMT
    Friday, January 19 2018 3:32 PM EST2018-01-19 20:32:18 GMT

    Last summer a woman accused Echeverria brutally beating her, leaving her covered in blood on the bathroom floor of a hotel room.

    Last summer a woman accused Echeverria brutally beating her, leaving her covered in blood on the bathroom floor of a hotel room.

  • Pedestrian hit by van in Billings dies of injuries

    Pedestrian hit by van in Billings dies of injuries

    Friday, January 19 2018 2:00 PM EST2018-01-19 19:00:20 GMT

    BILLINGS, Mont. (AP) - A man who was struck by a minivan in Billings has died of his injuries.    The Billings Gazette reports 53-year-old Terry Dubbs was struck while crossing Central Avenue at 8:45 p.m. on Jan. 5. Deputy Yellowstone County Coroner R.L. Hoffman says Dubbs died Tuesday.    Police say the driver called 911 and cooperated with investigators. He said he did not see Dubbs, who was wearing dark clothing.    Officers said Dubbs suffered a serio...

    BILLINGS, Mont. (AP) - A man who was struck by a minivan in Billings has died of his injuries.    The Billings Gazette reports 53-year-old Terry Dubbs was struck while crossing Central Avenue at 8:45 p.m. on Jan. 5. Deputy Yellowstone County Coroner R.L. Hoffman says Dubbs died Tuesday.    Police say the driver called 911 and cooperated with investigators. He said he did not see Dubbs, who was wearing dark clothing.    Officers said Dubbs suffered a serio...

  • Most Popular

Powered by Frankly

Features

  • More Features
  • Powered by WorldNow
    All content © Copyright 2000 - 2018 Cowles Montana Media. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.