2013 Penny Stock Crash

Expert witnesses testifying on behalf of the prosecution told the court there were signs that the trading of the three penny stocks was subjected to manipulation and that the prices they were tradi

When the three penny stocks, Blumont Group, Asiasons Capital and LionGold Corp crashed suddenly in early October 2013, James Hong Gee Ho was hit in more ways than one.

Witness James Hong has been impeached by the prosecution for multiple inconsistencies in the testimonies he gave in court, versus statements he made earlier to the police.

Richard Chan Sing En was a specialist in restructuring beleaguered listed companies.

When investigators started probing the 2013 penny stock crash, alleged mastermind John Soh Chee Wen told his longtime friend Dick Gwee Yow Pin that he had thought of different “strategies” for diff

The first time Dick Gwee Yow Pin heard John Soh Chee Wen talk about the prospects of gold mining company Think Environmental in late 2011, he felt Soh was trying to buay koyok.

Tensions apparently rose among individuals who were allegedly part of the network of account holders, nominees and brokers linked to the 2013 penny stock manipulation scheme allegedly headed by Joh

The alleged masterminds behind the manipulation of the three penny stocks that crashed on Oct 4, 2013, and their associates, tried to defend their stock prices when they came under selling pressure

Carlson Clark Smith, the former CFO of IPCO International, resisted attempts by defence lawyers of John Soh Chee Wen and Quah Su-Ling to show he knew all along trading accounts ope

The role Goldman Sachs played in the 2013 penny stock crash was put back in the spotlight recently, as one of its former top executives took to the stand as a prosecution witness in the trial of Jo