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 This material may not be published, broadcast, rewritten or redistributed.)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)

  • Most Popular

  • Most Popular StoriesMost Popular StoriesMore>>

  • UM football player arrested In Washington

    UM football player arrested In Washington

    Monday, October 23 2017 9:11 PM EDT2017-10-24 01:11:33 GMT

    Police in Pullman, Washington have confirmed a University of Montana football player was arrested for severely beating a Washington State University Student.  Justin Strong was arrested over the weekend, but released today, without having to post bail. The student Strong is accused of beating is at Sacred Heart Hospital in Spokane with a skull fracture.  

    Police in Pullman, Washington have confirmed a University of Montana football player was arrested for severely beating a Washington State University Student.  Justin Strong was arrested over the weekend, but released today, without having to post bail. The student Strong is accused of beating is at Sacred Heart Hospital in Spokane with a skull fracture.  

  • Retired Butte officer found deceased

    Retired Butte officer found deceased

    Monday, October 23 2017 5:40 PM EDT2017-10-23 21:40:58 GMT

    Sheriff Ed Lester said that the body of Tracy has been found in the area of Homestake Lake, east of Butte. It appears that he died from a self-inflicted gunshot wound.

    Sheriff Ed Lester said that the body of Tracy has been found in the area of Homestake Lake, east of Butte. It appears that he died from a self-inflicted gunshot wound.

  • Lawyer of murder suspect argues for client's access to law library

    Lawyer of murder suspect argues for client's access to law library

    Monday, October 23 2017 1:54 PM EDT2017-10-23 17:54:29 GMT

    The defense for Tiffanie Pierce has responded to the state's request to deny Pierce access to the law library. Pierce, along with August Standingrock, is facing charges for the double murder and dismemberment of 15-year-old Marilyn Pickett and 24-year-old Jackson Wiles.  

    The defense for Tiffanie Pierce has responded to the state's request to deny Pierce access to the law library. Pierce, along with August Standingrock, is facing charges for the double murder and dismemberment of 15-year-old Marilyn Pickett and 24-year-old Jackson Wiles.  

  • World's largest bigfoot museum is being built in Montana

    World's largest bigfoot museum is being built in Montana

    Thursday, October 19 2017 7:52 PM EDT2017-10-19 23:52:09 GMT

    This Bigfoot museum and hotel is expected to be a 25 million dollar project.

    This Bigfoot museum and hotel is expected to be a 25 million dollar project.

  • Two dead in Carter County after apparent murder-suicide

    Two dead in Carter County after apparent murder-suicide

    Friday, October 20 2017 12:47 PM EDT2017-10-20 16:47:38 GMT

    Carter County Sheriff's Office is investigating an apparent murder-suicide. 

    Carter County Sheriff's Office is investigating an apparent murder-suicide. 

  • Becky Hillier

    Becky Hillier

    Becky was born and raised in the booming metropolis of Miles City, Montana! It's also where she met the nice man who would eventually become her husband.

    Becky was born and raised in the booming metropolis of Miles City, Montana! It's also where she met the nice man who would eventually become her husband.

  • Missoula has begun a new project to eliminate waste

    Missoula has begun a new project to eliminate waste

    Friday, October 20 2017 7:40 PM EDT2017-10-20 23:40:29 GMT

    The Missoula Landfill is filling up at an alarming rate.

    The Missoula Landfill is filling up at an alarming rate.

  • MHP makes changes with license plate waivers

    MHP makes changes with license plate waivers

    Sunday, October 22 2017 6:18 PM EDT2017-10-22 22:18:04 GMT

    Due to a recent change in the law, front license plate waivers...

    Due to a recent change in the law, front license plate waivers...

Powered by Frankly

Features

  • More Features
  • Powered by WorldNow
    All content © Copyright 2000 - 2017 Cowles Montana Media. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.