Home News 2013 Penny Stock Crash

Penny stock crash mastermind maintains he did not give instructions on trades

Amala Balakrishner
Amala Balakrishner5/18/2021 6:50 PM GMT+08  • 5 min read
Penny stock crash mastermind maintains he did not give instructions on trades
“It has nothing to do with mine or Su-Ling’s directions,” maintained Soh.
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The trades made in the lead up to the 2013 penny stock crash were not based on instructions given by him, John Soh told the court on May 18.

“It has nothing to do with mine or Su-Ling’s directions,” he maintained when shown a series of trades made on different dates, during his examination-in-chief by his defence counsel, N Sreenivasan of K&L Gates Straits Law.

Soh and his co-accused Quah Su-Ling allegedly orchestrated Singapore’s largest share manipulation scheme between 2012 and 2013 involving three penny stocks: Blumont Group, Asiasons Capital (now Attilan Group) and LionGold.

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