NEW YORK, N.Y. – A lawyer for the founder of a Wall Street firm arrested on securities fraud charges says he’s not sure his client can get a fair trial in New York.
Attorney David Siegal (SEE’-guhl) told a Manhattan judge Tuesday that lawyers might ask for a change of venue in the securities fraud case announced last week against Benjamin Wey (way).
Siegal said “media attention” might make it impossible for Wey to be viewed objectively by jurors. Earlier this year, New York tabloids and others covered a sexual harassment trial in which a jury decided Wey owes $18 million to a Swedish woman.
Wey pleaded not guilty Tuesday to criminal charges brought against him last week. Prosecutors say he manipulated stocks so he could sell them at artificially inflated prices.