U.S. moves to drop charges against Wall Street financier Wey

Reuters News
Posted: Aug 08, 2017 4:39 PM

(Reuters) - U.S. prosecutors on Tuesday moved to drop their criminal case accusing Benjamin Wey of running a fraudulent stock manipulation scheme, after a federal judge threw out much of the evidence they hoped to use against the Wall Street financier.

The dismissal request was the second in three weeks in a high-profile case handled by the U.S. Attorney's office in Manhattan, following a July 21 motion to end a case against two former JPMorgan Chase & Co traders in the London Whale trading scandal.

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(Reporting by Jonathan Stempel in New York; Editing by Richard Chang)