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Masterminds of 2013's penny stock crash charged in court (Amended)

The trio are alleged to have rigged the market for Blumont, Asiasons and LionGold; Soh Chee Wen the only one denied bail
Saturday, November 26, 2016 - 05:50

John Soh Chee Wen.jpg
John Soh Chee Wen faces 188 charges related to the events surrounding the October 2013 crash in the stock prices of Asiasons Capital (now known as Attilan Group), Blumont Group and LionGold Corp, which triggered massive selloffs in a number of penny stocks.

Singapore

THE curtains rose on Singapore's biggest market-rigging scandal on Friday, as the alleged perpetrators who wiped out S$8 billion from the market in the penny stock crash of 2013 appeared before the court.

The prosecution slapped 181 charges on John Soh Chee Wen, and 178

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