Penny stock crash mastermind Soh and Quah found guilty of most charges

AFTER a trial spanning 194 hearing days, Justice Hoo Sheau Peng has found penny-stock crash masterminds John Soh Chee Wen and Quah Su Ling guilty of all the market manipulation and cheating charges laid before them. Both were acquitted of 8 charges of deception.

The case, which the prosecution called the "most serious case" of stock market manipulation in Singapore, commenced on Mar 25, 2019; closing submissions were heard on Dec 3, 2021.

Separately, Soh was found guilty of the 7 witness-tampering charges involving prosecution witnesses Ken Tai, Leroy Lau and Gabriel Gan, among others. Soh was also found guilty of charges of being involved with management at Blumont, Asiasons and Liongold while being an undischarged bankrupt. He was found guilty of 180 of 188 charges faced; Quah was convicted of 169 of the 177 charges faced.