In April 2014, six months after the three penny stocks crashed in October 2013, one of the many brokers hauled up for questioning by the police for the stock-manipulation case was AmFraser broker Wong Xue Yu.

In the lead-up to the 2013 penny stock crash, Wong was one of many brokers who had helped alleged masterminds John Soh Chee Wen and Quah Su-Ling manipulate shares of Blumont Group, Asiasons Capital (later renamed Attilan before being delisted) and LionGold Corp using a network of trading accounts under the names of nominees, friends and relatives.

Of the 189 charges Soh has been accused of, most are related to the manipulation of stock prices. However, he also faces several charges of witness-tampering too — one of whom was Wong.

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