2013 penny stock crash

2013 Penny Stock Crash

Inner workings of penny stock scandal revealed by first prosecution witness

SINGAPORE (Mar 27): Ng Kit Kiat, a broker at OCBC Securities, was called as the first witness in penny stock crash trial on Wednesday, as the prosecution sought to reveal deeper insight into the details of the market manipulation scheme.

2013 Penny Stock Crash

Prosecutors ask court to bar potential defence witnesses from penny stock crash trial

SINGAPORE (Mar 27): Prosecutors at the penny stock saga trial of John Soh Chee Wen and Quah Su-Ling have asked the court to bar two individuals closely-linked to the defendants from attending the court proceedings -- if they are to be called as defence wi

2013 Penny Stock Crash

The charismatic bankrupt who allegedly pulled the strings behind Singapore's largest stock manipulation scandal

SINGAPORE (Mar 26): Garbed in purple overalls, John Soh Chee Wen cuts a relaxed figure as he takes his seat. The garment falls fittingly on his athletic frame, not unlike a designer suit. It could well have made a fashion statement, save for the word &#34

2013 Penny Stock Crash

Goh Hin Calm confirmed as prosecution witness as penny stock crash trial kicks off

SINGAPORE (Mar 25): Day One of the trial of the 2013 penny stock-rigging case saw Goh Hin Calm named as a prosecution witness.

In print this week

Trial of John Soh starts on Monday; here's the backstory

SINGAPORE (Mar 22): The long-awaited trial of John Soh, the alleged mastermind behind the manipulation of shares in Blumont, LionGold and Asiasons Capital (now Attilan Group) back in 2013, will start on Monday.

Commentary

Hunting for the truth redux: Our coverage of the penny stock saga attracted threats and lawsuits

SINGAPORE (Mar 22): If there’s one story published by The Edge Singapore that I will never forget, it will probably be “Hunting for the truth” (Issue 641, Sept 1, 2014). The piece was intended to mark the first anniversary of the steep rise and sudd

2013 Penny Stock Crash

Penny stock crash scandal's 'treasurer' sentenced to three years' jail

SINGAPORE (Mar 20): Goh Hin Calm, the “treasurer” for 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su Ling, has been sentenced to serve three years in prison for aiding and abetting the duo in what is the largest-ever market manipulat

2013 Penny Stock Crash

Banks, brokerages incurred over $350 million in losses from penny stock crash

SINGAPORE (Mar 20): Banks, brokerages and other financial institutions suffered a total of more than $350 million in unpaid losses in the wake of the October 2013 crash of Blumont Group, LionGold Corp and Asiasons Capital (now known as Attilan Group), acc

2013 Penny Stock Crash

Two stock market manipulation precedents invoked as prosecutors call for 3-year sentence for Goh Hin Calm

SINGAPORE (Mar 20): State prosecutors have called for Goh Hin Calm to be jailed a total of three years, after taking into account two sentencing precedents involving stock market manipulation.

Management & Corporate Governance

MAS reports $16.8 mil in fines imposed over past 18 months in very first enforcement report

SINGAPORE (Mar 20): In the 18 months to Dec 2018, the Monetary Authority of Singapore (MAS) secured one criminal conviction, issued 19 prohibition orders and imposed fines totalling $16.8 million.
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