FBI searches offices of firm linked to Chinese reverse takeovers
The Federal Bureau of Investigation has conducted a search of the offices of New York Global Group, a private equity investment and corporate advisory firm. New York Global, led by Benjamin Wey, helped Chinese companies go public in the US through reverse takeovers and several of these companies have since been embroiled in accounting scandals.
A New York FBI spokesman said that the search was conducted last Wednesday as part of a continuing investigation, but declined to comment on the scope of the investigation or whether New York Global was...
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