2013 Penny Stock Crash

2013 Penny Stock Crash

Quah's employee delivered cash payments for 8 accounts, court hears

SINGAPORE (May 17): Evidence in the trial of the alleged masterminds of the 2013 penny stocks crash on Friday showed that an employee of Quah Su-Ling, the second accused, had made cash payments for

2013 Penny Stock Crash

Broking firm filed suspicious transaction reports for accounts, says witness

SINGAPORE (May 16): Brokerage firm KGI Securities had filed Suspicious Transaction Reports (STRs) for three of 20 trading accounts allegedly manipulated by the masterminds behind the 2013 penny sto

2013 Penny Stock Crash

John Soh named in US suit filed against former IPCO International

SINGAPORE (May 16): Renaissance United, the renamed IPCO International, has been sued in the US state of Washington by an entity called Renovatio LLC.

2013 Penny Stock Crash

John Soh's former girlfriend had full control of bank account used in trading, court hears

SINGAPORE (May 14): John Soh Chee Wen’s former romantic partner, Adeline Cheng Jo-Ee, had full control over a bank account used to trade in shares related to the 2013 penny stock crash – even thoug

2013 Penny Stock Crash

SGX restrictions could have caused 2013 penny stocks crash, says Lim & Tan director

SINGAPORE (May 13): Esther Seet, executive director of brokerage firm Lim & Tan Securities, reckoned "on hindsight" restrictions imposed by the Singapore Exchange on stocks of Blumont Group, As

2013 Penny Stock Crash

Witnesses stand up to questioning; Coutts reveals hefty losses from crash

SINGAPORE (May 13): Four of the six prosecution witnesses who have testified so far at the trial of John Soh Chee Wen and Quah Su-Ling have been remisiers.

2013 Penny Stock Crash

Witness shocked by alleged breaches in trading regulations

SINGAPORE (May 10): A witness in the trial of the alleged masterminds behind the 2013 penny stock crash has denied knowledge of manipulation in trading accounts linked to the scandal.

2013 Penny Stock Crash

Onus on trade reps to obtain proper third-party authorisation: OCBC Securities

SINGAPORE (May 9): Woon Kok Yan, head of risk management of OCBC Securities, placed the blame squarely on trade representatives for failing to obtain formal third-party authorisation, when he took

2013 Penny Stock Crash

More telephone records reveal Quah's hand behind trades; private bank Coutts wrote off $4.7 mil from penny stock crash

SINGAPORE (May 8): The prosecution in the trial of John Soh Chee Wen and Quah Su-Ling, the alleged masterminds behind the 2013 penny stock crash, in court on Wednesday dived deeper into telephone r

2013 Penny Stock Crash

New witness claims Quah Su-Ling was 'hysterical' when asked about settlement of losses

SINGAPORE (May 7): Prosecution witness Angelia Poon Mei Choo, a remisier at OCBC Securities, in court on Tuesday revealed that Quah Su-Ling was “hysterical” when Poon went down to the LionGold offi

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