28-12-2022, 11:23 AM
(28-12-2022, 10:53 AM)sgbuffett Wrote: When I look at this case. This is my comments.
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
Manipulation is a weekly affairs in HK exchange. Many stock goes down 90% after being manipulation.
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