John Soh Chee Wen

John Soh Chee Wen, who orchestrated the scheme, and his accomplice, Quah Su-Ling, were handed a collective 56-year jail term following the four-year trial.

They detailed how the accused planned a "complex and elaborate fraud" to manipulate the share prices of Blumont Group, Asiasons Capital and LionGold Corp. Both were convicted in May of using more than 180 trading accounts to inflate the share prices of three companies in what High Court judge Hoo Sheau Peng called a "scheme of substantial scale, complexity and sophistication". - The pair used their knowledge of financial markets to inflate share prices

Malaysian businessman John Soh Chee Wen, who was the conspirator of the largest and most serious case of stock market manipulation in Singapore, ...

Soh has chosen to remain in custody since 2016, and he notably wore a prison jumpsuit in court as he was found guilty of the scheme back in May this year. Former Barings Bank trader Nick Leeson collapsed Britain’s oldest merchant bank after racking up S$2.2bil (RM7.2bil) in losses. Reflecting on the sentencing, Soh’s defence attorney, senior counsel N. On a separate note, former interim Ipco chief executive Goh Hin Calm, who was a third co-accused in the case, had earlier in 2019 pleaded guilty to two charges of false trading and market rigging and has received a three-year imprisonment. Wash trading is a term used to describe the buying and selling of a stock by the same party with the purpose of artificially creating a huge amount of trading volume to generate real public interest in the equity. PETALING JAYA: Malaysian businessman John Soh Chee Wen, who was the conspirator of the largest and most serious case of stock market manipulation in Singapore, was sentenced to 36 years in prison by the Singapore High Court yesterday.

Malaysian businessman John Soh Chee Wen, the accused mastermind of Singapore's 2013 penny stock crash, and his co-conspirator Quah Su-Ling were sentenced to ...

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The scam wiped out almost $8 billion in market value in October 2013. Read more at straitstimes.com.

As a starting point for the false trading and price manipulation charges, I will impose on Quah two-thirds of the sentence imposed on Soh.” “This finding resolves the extent to which the accused persons should be held responsible for such scale.” Judge Hoo noted the scheme “had lofty ambitions... “The absolute volume of BAL shares traded during this period was also substantial. “In my view, it is clear that the scheme was of substantial scale (and) took place over a period of about 14 months. They used 187 trading accounts to manipulate the share prices of the three companies.

Datuk John Soh Chee Wen, sometimes known as 'Soh Chee Wen,' is a well-known Chinese businessman in Malaysia. He was a former PKR political leader who is ...

These accounts were held in the names of 60 persons and entities at 20 financial institutions. But then who is John Soh Chee Wen? Quah Su-Ling, his ex-partner and collaborator, was sentenced to 20 years in prison.