Wherever you go, no matter what the weather, always bring your own sunshine
36 years' jail for mastermind of scheme that led to $8B penny stock crash in 2013
28-12-2022, 08:31 PM
Wherever you go, no matter what the weather, always bring your own sunshine
28-12-2022, 08:32 PM
29-12-2022, 08:00 AM
29-12-2022, 08:06 AM
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.
Why do you think SGX is one of the world’s worst performing exchanges?
Why do you think SGX is one of the world’s worst performing exchanges?
Wherever you go, no matter what the weather, always bring your own sunshine
29-12-2022, 08:14 AM
(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?
29-12-2022, 08:17 AM
(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.
On the contrary, 36 years imprisonment is not excessive, cos just imagine the number of investors involved, some might lose their life's savings......
29-12-2022, 08:32 AM
29-12-2022, 08:52 AM
Where the money go ? Take back first..
29-12-2022, 08:53 AM
29-12-2022, 11:42 AM
(28-12-2022, 11:36 AM)drgn Wrote: how about yuuzoo?
the ceo is still happily enjoying life in sentosa.
What about Midas?
The bastard is out there enjoying life
SGX cannot do anything to him
Tampines & West Coast GRCs are there for the taking
29-12-2022, 11:44 AM
(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........
Should add caning
And confiscate everything he has
Including his mistress
Sell her to Geylang warlords
Tampines & West Coast GRCs are there for the taking
29-12-2022, 12:23 PM
(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........
Did you hear anyone jailed becos of minibond saga?
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
29-12-2022, 12:29 PM
His record is going to break by John if he can remit his 1/3 jail sentence
Currently, Chia Teck Leng is serving his 42-year sentence. Should he serve with good behaviour, he will be entitled to one-third remission for good behaviour and be released on parole after serving at least 28 years of imprisonment, at which time he would be 72 years old.
https://en.m.wikipedia.org/wiki/Chia_Tec...ears%20old.
Currently, Chia Teck Leng is serving his 42-year sentence. Should he serve with good behaviour, he will be entitled to one-third remission for good behaviour and be released on parole after serving at least 28 years of imprisonment, at which time he would be 72 years old.
https://en.m.wikipedia.org/wiki/Chia_Tec...ears%20old.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
29-12-2022, 12:39 PM
I thought just go in for awhile then get doc to certify terminal illness to get out earlier and remit to hospital. Then run road from there lor...
29-12-2022, 03:08 PM
(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, 03:13 PM
wah mdm Quah was a very attractive milf when young.
29-12-2022, 03:14 PM
29-12-2022, 03:56 PM
This Soh suay la his boat broke down else can be on same gang as those China Scam CEO...
29-12-2022, 04:36 PM
Is it a coincidence that Soh Chee Wen was sentenced only AFTER Anwar came into power (When those politicians previously linked to Najib, Dr M, Daim have lost power)
29-12-2022, 04:37 PM
(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...
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.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
29-12-2022, 05:02 PM
(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.
He thought he'll never be discovered. That's why no need exit plan
29-12-2022, 05:11 PM
(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.
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.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
29-12-2022, 05:18 PM
(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.
I like your narrative, and give you a like and a rep. pt for it........
29-12-2022, 06:27 PM
You all don't know meh in Malaysia big case can make to small case, and small case make to no case hor
https://media.tenor.com/bvwhFml_Lt8AAAAM...arapan.gif https://media.tenor.com/fHXknNKC30YAAAAM...-laugh.gif https://media.tenor.com/7WwIfbgTRG8AAAAM...r-gila.gif
https://media.tenor.com/bvwhFml_Lt8AAAAM...arapan.gif https://media.tenor.com/fHXknNKC30YAAAAM...-laugh.gif https://media.tenor.com/7WwIfbgTRG8AAAAM...r-gila.gif
29-12-2022, 07:08 PM
(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..........
How come our SGX, Temasek, PAP . . . .are so complacent all the time?
Why do we need 5 Mayors and 80 PAP Ministers?
29-12-2022, 07:15 PM
(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.
Promet, Renong, Idris Hydraulics etc. Those were the heady days...
Wherever you go, no matter what the weather, always bring your own sunshine
29-12-2022, 07:16 PM
(29-12-2022, 07:08 PM)Ola Wrote: How come our SGX, Temasek, PAP . . . .are so complacent all the time?
Easy life mah, why need to work hard? Just collect good salary and relac lah. Anything wrong, just throw the book at them later say like 10 years later. Easy peasy.
Wherever you go, no matter what the weather, always bring your own sunshine
29-12-2022, 07:18 PM
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 ???
" what they open 100+ trading account to manipulate some corporation stocks price plunge "
I was ? So easy meh ???
29-12-2022, 09:01 PM
(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 ???
The purpose is not to cheat small time punters but banks.
The many accounts is to trade back and forth to keep the price high.
Once stock reaches a sky high price Soh goes to banks to use it as collateral to borrow ....he got $170M from Goldman
By right once he corner the stock he can maintain it at high price is indefinitely.
The only way for it to collapse is for the banks to recall the loan...and sell the collateral.
Many in the market know this. They thought it will never collapse.
So everyday the punter go and buy the Blumont or LionGold in the morning by afternoon it will go up and they will sell it.
This was easy money ...even got one broker call me up to ask me to play this ...sure make everyday same pattern. But I check the past cornered stocks one fine day it just suddenly drop 50%.....so I stold him better not.
So many of these punters did their usual routine to buy in morning and sell in afternoon to make easy money. One day they buy in the morning and the stock collapsed in the afternoon the punter lose so much he cannot pay and the broker is wiped out.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
29-12-2022, 09:40 PM
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