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Revisions

Perhaps it should've been called the 2013 great penny stock manipulation

In print this week

Perhaps it should've been called the 2013 great penny stock manipulation

Jeffrey Tan & Benjamin Cher Published on Fri, Oct 05, 2018 / 11:48 AM GMT+8

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SINGAPORE (Oct 5): Shares in all three companies involved in the penny stock crash of 2013 -- Blumont Group, LionGold Corp and Asiasons Capital (now known as Attilan Group) -- had probably been manipulated before they collapsed.

According to the authorities, the mastermind of the whole operation was John Soh Chee Wen, who has been held in remand for almost two years.

He has been slapped with 189 charges, mostly for stock manipulation but also for cheating and witness tampering.

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