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(29-12-2022, 08:06 AM)p1acebo Wrote: SGX should shoulder the blame too. Useless and ineffective that’s why so many criminals like to scam here in sg. What SGX does is passive, just blame and punish them later. Sit in huge cushioned sofas, eat expansive lunches, earn huge obscene salaries and continue to be passive and ineffective.There is some truths in your narrative.........SGX needs to be on their toes all the time..........
Why do you think SGX is one of the world’s worst performing exchanges?
(28-12-2022, 11:20 AM)SGSeniorCitizen1952 Wrote: "I think 36yrs is too excessive such sentences are for murders"![]()
Agreed wholeheartedly. White collar criminals get more than rapists and molesters.
(28-12-2022, 11:36 AM)drgn Wrote: how about yuuzoo?
the ceo is still happily enjoying life in sentosa.
(29-12-2022, 08:32 AM)debono Wrote: The 36-year prison sentence is not excessive, cos the govt. wants it to be a deterrent for potential culprits........
(29-12-2022, 08:32 AM)debono Wrote: The 36-year prison sentence is not excessive, cos the govt. wants it to be a deterrent for potential culprits........
(28-12-2022, 10:53 AM)sgbuffett Wrote: When I look at this case. This is my comments.This jail sentence is not excessive in terms of the manipulated amt involved. Foreigners like scamming here becos our Govt is too lax and slow in actions. Our country is a haven for money making. Moreover, jail in m’sia wil be very tough whereas Spore is more lenient as long as they behave. All good foods and medical are provided for. You think this m’sian guy can get all these in m’sian jail? He can even died in jail. Only there is no freedom in spore jail.
The 3 penny stocks were manipulated for almost one year.
The whole market knew about this.
The reason why it became so large and serious eventually involving $8B in value is the SGX and regulators did nothing for a long period.
It's like a thief can go and steal initially took some small valuables but nobody monitor or do anything so he became bolder and stole more and more.
Why Soh chose to operate in Singapore instead of base in Nalaysia? It is because he was concerned Malaysia side will catch him fast and put a stop to his scam.
He did not choose HK or other jurisdiction to run his operation.
The reason he chose to run it in Singapore is the same as why many scammers run their scams here....
I think 36yrs is too excessive such sentences are for murders
(29-12-2022, 03:56 PM)Sharexchange Wrote: This Soh suay la his boat broke down else can be on same gang as those China Scam CEO...
(29-12-2022, 04:37 PM)sgbuffett Wrote: I wonder why Soh never had an exit plan.
This manipulation is complex involving tens of brokers banks etc.
Unlike Jho Low who vanished ....Soh could have done the same.
Even David Rasif could just vanish for a few million and never found.
(29-12-2022, 05:02 PM)winbig Wrote: He thought he'll never be discovered. That's why no need exit planHis scam was so obvious ..I think he must be wondering why authorities do nothing for so long.
(29-12-2022, 03:08 PM)Gemstar Wrote: This jail sentence is not excessive in terms of the manipulated amt involved. Foreigners like scamming here becos our Govt is too lax and slow in actions. Our country is a haven for money making. Moreover, jail in m’sia wil be very tough whereas Spore is more lenient as long as they behave. All good foods and medical are provided for. You think this m’sian guy can get all these in m’sian jail? He can even died in jail. Only there is no freedom in spore jail.
(29-12-2022, 08:14 AM)debono Wrote: The is some truths in your narrative.........SGX needs to be on their toes all the time..........
(29-12-2022, 05:11 PM)sgbuffett Wrote: His scam was so obvious ..I think he must be wondering why authorities do nothing for so long.
I seriously believe he thinks what he did is not so serious and never imagine the sentence to be so crazy inhumane.he did this before in Malaysia for this stock call Promet...from 50cts push to 200. The Malaysian authorities caught him but sentence was short. After that they monitor him until he cannot try anything funny...so he run to Singapore.
(29-12-2022, 07:08 PM)Ola Wrote: How come our SGX, Temasek, PAP . . . .are so complacent all the time?
(29-12-2022, 07:18 PM)[[ForeverAlone]] Wrote: I never read in depth about this case, just see from TV yesterday
" what they open 100+ trading account to manipulate some corporation stocks price plunge "
I was ? So easy meh ???