2013 Penny Stock Crash

SINGAPORE (Mar 4): Prosecution witness Henry Tjoa, the former Phillips Securities remisier who was once part of the “inner circle” of brokers used by alleged masterminds John Soh Chee Wen and Quah

SINGAPORE (Mar 3): Former Phillip Securities remisier Henry Tjoa admitted to raking in some $1 million in commissions from rolling the shares of LionGold Corp, Blumont Group and Asiasons Capital (n

SINGAPORE (Mar 2): Prosecution witness Henry Tjoa in court on Monday said he was concerned that he would be charged for market manipulation “from the very first day” he was roped into market rollin

SINGAPORE (Feb 28): On Feb 25, The Edge Singapore received a letter sent by Rajah & Tann on behalf of one Richard Teng, taking issue with a story we first published online la

SINGAPORE (Feb 28): A new prosecution witness Henry Tjoa, who used to be a top remisier with Phillip Securities before he was bankrupted by the October 2013 penny stock crash, has taken t

SINGAPORE (Feb 18): Former abettor-turned-prosecution witness Ken Tai Chee Ming in court on Feb 18 alleged that Richard Teng, the former chief regulatory officer of the Singapore Exchange (SGX), wa

SINGAPORE (Jan 31): The third tranche in the trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash has been adjourned to after the Lunar New Year.

SINGAPORE (Jan 17): Prosecution witness Ken Tai Chee Ming on Friday admitted that he had raked in thousands of dollars’ worth of commissions in a single day from the trading of shares in LionGold C

SINGAPORE (Jan 16): Prosecution witness Ken Tai Chee Ming has again denied making unauthorised trades as a market operator for shares in LionGold Corp in order to churn commission for himself.

SINGAPORE (Jan 10): Prosecution witness Ken Tai Chee Ming has admitted to using omnibus accounts to prevent authorities from detecting his illegal “wash trading” activities.