stock market manipulation

Lee Wan Sing was sentenced to nine years’ jail on Nov 7 for leading a scheme to manipulate the price of the company’s shares.

“This is unnatural, insane, and dangerous," says Michael Burry of "Big Short" fame.

For more than two years, Tjoa says and his team of assistants at Phillip took trading orders from Soh and Quah. However, when the crash happened, the shares were forcibly sold off and Tjoa found himself shouldering the losses.