2013 penny stock crash

SINGAPORE (May 16): Brokerage firm KGI Securities had filed Suspicious Transaction Reports (STRs) for three of 20 trading accounts allegedly manipulated by the masterminds behind the 2013 penny stocks crash, the court heard on Thursday.

SINGAPORE (May 16): Renaissance United, the renamed IPCO International, has been sued in the US state of Washington by an entity called Renovatio LLC.

SINGAPORE (May 14): John Soh Chee Wen’s former romantic partner, Adeline Cheng Jo-Ee, had full control over a bank account used to trade in shares related to the 2013 penny stock crash – even though she was not the beneficial owner, the court heard to

SINGAPORE (May 13): Esther Seet, executive director of brokerage firm Lim & Tan Securities, reckoned "on hindsight" restrictions imposed by the Singapore Exchange on stocks of Blumont Group, Asiasons Capital (now known as Attilan Group) and LionGo

SINGAPORE (May 13): Four of the six prosecution witnesses who have testified so far at the trial of John Soh Chee Wen and Quah Su-Ling have been remisiers. The two who took the stand last week, however, stood up significantly better than the earlier two u

SINGAPORE (May 10): A witness in the trial of the alleged masterminds behind the 2013 penny stock crash has denied knowledge of manipulation in trading accounts linked to the scandal.

SINGAPORE (May 9): Woon Kok Yan, head of risk management of OCBC Securities, placed the blame squarely on trade representatives for failing to obtain formal third-party authorisation, when he took the stand in court on Day 13 of the penny stock manipulati

SINGAPORE (May 8): The prosecution in the trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash, in court on Wednesday dived deeper into telephone records to shine light on Quah’s hand behind trades made

SINGAPORE (May 7): Prosecution witness Angelia Poon Mei Choo, a remisier at OCBC Securities, in court on Tuesday revealed that Quah Su-Ling was “hysterical” when Poon went down to the LionGold office to ask how Quah intended to settle the losses stemm

SINGAPORE (May 6): The trial of John Soh Chee Wen and Quah Su Ling resumed on Monday with defence counsels accusing former Lim & Tan remiser Andy Lee Chee Wee of lying and concealing facts in court.