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CEO Convicted Of Sexual Harassment/Under Investigation For Money Laundering Doesn't Have Time For "Idiotic Reporters Ranting About Nothing"

In this case, his name surfacing in the Panama Papers leak.
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Remember Benjamin Wey? For those who need a quick refresh, he's the CEO of New York Global Group, who was accused by employee Hanna Bouveng of:

• Pressuring Bouveng to dress provocatively on the job
• Waging “a relentless campaign to have sex with her”
• Ultimately having sex with her for approximately 120 seconds (“He has sex with her and it’s over in two minutes. She was horrified and debased”)
• Firing her in 2014 after she complained and saying the termination was because her “love of nightclubs were becoming an issue”
• Writing on a website he owns called The Blot Magazine “that she’s a prostitute, that she hangs out with cocaine dealers…[that] she’s a terrible person”
• Emailing Bouveng’s father to say he’d found another man in her bed (that man being her boyfriend)

In June, Wey was ordered to pay Bouveng $18 million in compensatory and punitive damages (later reduced to $5.6 million) and the last couple times we checked in with him he was complaining the Bouveng case would reflect poorly on him in during a securities fraud trial and begging a judge to show some mercy and let him attend Swan Lake. Now he's back, focusing his efforts on claiming the not great light he was painted in by the Panama Papers leak is much ado about nothing.

Wey's official statement was presumably inspired by an announcement by his his buddy Preet Bharara this morning.

Bharara, the US attorney for Manhattan, said he had “opened a criminal investigation regarding matters to which the Panama Papers are relevant”. Bharara has written to the International Consortium of Investigative Journalists (ICIJ), which coordinated the unprecedented leak of 11.5m files from offshore law firm Mossack Fonseca, to ask for further information to assist with his criminal investigation...Bharara, who as US attorney general for the southern district of New York has led several crusades against criminal wrongdoing in the financial sector, is already investigating several of the more than 200 US citizens named in the papers. Among them is Wall Street financier Benjamin Wey, who has been charged with securities fraud, wire fraud, conspiracy and money laundering for using family members to help him amass ownership of large blocks of stock in companies through so-called “reverse merger” transactions between Chinese companies and US shell companies. He made tens of millions of dollars of illegal profit by manipulating the companies’ stock prices, according to the indictment. The Panama Papers leak shows that Mossack Fonseca helped set up the offshore companies used in the stock manipulation.

In related news, Wey is now describing himself on Twitter as an "Investigative Reporter, Financier, and Civil Rights Advocate."

Panama Papers: US launches criminal inquiry into tax avoidance claims [Guardian]
Justice Dept launches criminal inquiry over Panama Papers [Telegraph]


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