John Soh Chee Wen – the alleged mastermind of the 2013 penny stock crash – was back in court on Dec 3, as both the prosecution and defense counsels put forth their closing submissions to Justice Hoo Sheau Peng. This comes close to six months after the long-drawn trial – which spanned nearly 20...

Blumont Group, one of the three counters in the middle of the penny stock saga in 2013, has disposed of a piece of vacant land it owns in Malaysia for RM20.0 million ($6.5 million). The group’s indirect wholly-owned subsidiary, Trackplus Sdn Bhd, entered into a sale and purchase agreement (SPA) on...

Q: Why can’t I make money in the Singapore market? A: Well, you can also lose money in 2021 punting GameStop, Chine techs and even Tesla. Every so often, our local media features success stories of some unnamed investor making quick bucks in the US, Hong Kong, or from some kind of sexy foreign inv...

Singapore’s largest market manipulation case linked to John Soh and the crash of three penny stocks in 2013 is nearing a close. We relive the saga The trial of John Soh Chee Wen which was linked to the October 2013 penny stock crash has to be one for the books. The case has been described asthe la...

Picture of John Soh: Samuel Issac Chua/The Edge Singapore John Soh Chee Wen — the alleged mastermind of the 2013 penny stock crash — having heard the testimonies and accounts made in court, is of the view that everyone involved in the saga had been making money through their trading activities �...

John Soh is maintaining his stance that both he and his romantic partner Quah Su-Ling had not given instructions on trades in the lead up to the 2013 penny stock crash was questioned once again on June 2, the fifth day of the prosecution’s cross-examination. Deputy Public Prosecutor (DPP) Teo Guan...

Photo of John Soh: Bloomberg John Soh’s evidence on not giving instructions on trades was challenged once again on June 1, the fourth day of the prosecution’s cross-examination. Deputy Public Prosecutor (DPP) Teo Guan Siew showed the court several instances where Soh – the alleged mastermind o...

Picture of John Soh: Bloomberg John Soh – the alleged mastermind of the 2013 penny stock saga – reckons that traders had viewed his involvement in projects as a way to spur more investors to jump on the bandwagon. For example, Gabriel Gan, one of ex-DMG brokers who allegedly helped Soh trade, th...

John Soh’s stance on not giving instructions on trades in the lead up to the 2013 penny stock crash was put to the test once again on May 28, the second day of the prosecution’s cross examination. Deputy Public Prosecutor (DPP) Teo Guan Siew showed the court several instances where Soh – the a...

Photo of Quah Su-Ling: Albert Chua/The Edge Singapore Quah Su-Ling – the co-accused in the 2013 penny stock crash – is of the view that the allegations on her involvement in the saga is based on a conspiracy theory. “I want to put on record [that] this is a conspiracy theory,” she told the c...